The New York Algorithmic Pricing Disclosure Act, effective November 10, 2025, mandates businesses to disclose when they use personalized algorithmic pricing based on personal data. Enforcement will be strict, with penalties up to $1,000 per violation, aiming to increase transparency in digital commerce. #AlgorithmicPricing #DataPrivacy
Keypoints
- The law requires companies using automated pricing based on personal data to display a clear notice to consumers.
- Personal data includes online behavior, purchase history, device identifiers, and other digital footprints.
- Businesses operating in or serving consumers in New York must comply, regardless of their headquarters’ location.
- The law exempts location data used by transportation companies, financial institutions, insurance firms, and subscription services.
- The New York Attorney General will enforce compliance through investigations and impose fines up to $1,000 per violation.
Read More: https://thecyberexpress.com/personalized-algorithmic-pricing-law/