{"id":50575,"date":"2025-11-24T17:57:08","date_gmt":"2025-11-24T17:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/50575\/"},"modified":"2025-11-24T17:57:08","modified_gmt":"2025-11-24T17:57:08","slug":"how-does-this-new-york-law-protect-you-from-algorithm-price-tricks-focus-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/50575\/","title":{"rendered":"How Does This New York Law Protect You from Algorithm Price Tricks | Focus Economy"},"content":{"rendered":"

\"Money\"<\/p>\n

\"\"<\/p>\n

AP<\/p>\n

Susan Walsh<\/p>\n

ALBANY, N.Y. — A new law in New York State helps to protect consumers from secret online price hikes.<\/p>\n

The surveillance pricing law is now in effect.<\/p>\n

According to the Gov. Kathy Hochul’s office, this law requires businesses to disclose when prices are set by algorithms using personal data.<\/p>\n

Hochul said, \u201cAs we enter the busy holiday shopping season, New Yorkers deserve to know they are getting a fair deal when shopping online.\u201d<\/p>\n

The governor’s office continued that with today’s technology “corporations are able to collect mountains of personal data, feed it into algorithms, and generate a price that’s individual to a consumer. This practice, which the FTC has dubbed surveillance pricing, means a company could be charging you and your neighbor different prices for the same product, based on your individual willingness to pay.”<\/p>\n

This practice can hinder consumers’ ability to comparison shop.<\/p>\n

“By requiring companies to be upfront when setting prices based on personal data, we are giving shoppers the transparency they need to make smart choices and keep more of their hard-earned money in their pockets,” Hochul said.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"AP Susan Walsh ALBANY, N.Y. — A new law in New York State helps to protect consumers from…\n","protected":false},"author":2,"featured_media":50576,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[28267,28270,1984,2710,9,11,10,49,51,50,28268,28271,28269,2968],"class_list":["post-50575","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-algorithm-price-setting","tag-algorithmic-price-setting","tag-hochul","tag-law","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-online-retail","tag-personal-data","tag-price-law","tag-state-of-new-york"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/50575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=50575"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/50575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/50576"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=50575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=50575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=50575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}