BREAKING NEWS

Elizabeth Warren urges probe of Airbnb-type rentals

By REUTERS

JULY 14, 2016 03:20

WASHINGTON - US Senator Elizabeth Warren on Wednesday called for a regulatory probe into whether short-term rental websites such as Airbnb are taking housing away from long-term renters and pushing up prices.

Warren, joined by Senators Brian Schatz of Hawaii and Dianne Feinstein of California, urged the US Federal Trade Commission to examine the rapid growth of such businesses as Airbnb, HomeAway, VRBO and FlipKey and determine their impact on housing.

"We are concerned that short-term rentals may be exacerbating housing shortages and driving up the cost of housing in our communities," the senators said in a letter to FTC Chairwoman Edith Ramirez.

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