“Every lender must know that these loans are not worth more than $125,000.” The private equity firm that purchased thousands of taxi medallion loans from the NCUA said it is…
Category: USA
Safety driver in fatal Arizona Uber self-driving car crash charged with homicide
WASHINGTON (Reuters) – The back-up safety driver behind the wheel of a self-driving Uber Technologies UBER.N test vehicle that struck and killed a woman in Tempe, Arizona, in 2018 was charged with…
Uber and Lyft Drivers’ Fight Against Independent Contractor Status Isn’t Going Away
Amid the pandemic, Uber and Lyft drivers are more precarious than ever. Even as the companies dodge court rulings, the battle for drivers to be legally classified as employees is…
Taxi drivers: We’re ready to step in if Uber and Lyft bail
Taxicabs, like other forms of transportation, have seen ridership plummet during the pandemic. But the industry has scrambled to eke out extra business — and drivers are eager to let…
$70 million in NYC taxi-cab debt forgiven
The largest holder of New York City taxi-medallion loans is throwing lifelines to thousands of drivers struggling to survive a collapse in ridership caused by the new coronavirus pandemic. Marblegate…
Portland passes broadest facial recognition ban in the US
(CNN Business)The city of Portland, Oregon, on Wednesday banned the use of facial-recognition technology by city departments — including local police — as well as public-facing businesses such as stores,…
Man Dragged By Taxi After Trying To Jump Into Driver’s Window, Later Pronounced Dead
NEW YORK (WCBS 880) — A New York City man died on Wednesday when he tried to jump into the driver’s side window of a yellow taxi and was dragged a…
Taxi Workers Wait Out Fate of Uber and Lyft in California
On August 20, a state appeals court gave Uber and Lyft more time to argue their case that they shouldn’t have to abide by a California law that requires them…
Uber CEO says its service will probably shut down temporarily in California if it’s forced to classify drivers as employees
Uber would likely shut down temporarily for several months if a court does not overturn a recent ruling requiring it to classify its drivers as full-time employees, CEO Dara Khosrowshahi said in…
Lyft joins Uber in threatening to pull out of California over driver status
The companies say they can’t afford to classify drivers as employees Lyft said it would shut down operations in California if forced to classify drivers as employees, the company’s executives…