Compass Sued by NY Renters Amid Congressional Review

Two New York City renters have filed a class-action lawsuit against Compass Inc., accusing the brokerage of monopolizing the rental market and artificially inflating rents. The complaint claims Compass now controls approximately 80% of rental listings in the city and is using its market power to drive up rental prices, with plaintiffs paying significantly higher rents than typical. The lawsuit is part of broader congressional scrutiny into Compass’s business practices, including its exclusive online listings and recent deals that may restrict access and increase costs for renters.

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