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NYC Taxi Regulator Agrees Not to Impose New Rules on Uber and Lyft Amid Driver Lockout Deal
Jul 31, 2024, 03:31 PM
The New York City Taxi and Limousine Commission (TLC) has agreed not to impose new regulations on ride-hailing companies Uber and Lyft. This decision follows an agreement between the New York City Mayor’s Office and the two companies to address the issue of driver lockouts and halt the onboarding of new drivers. The lockouts have been a contentious practice leading to a significant decline in some drivers' earnings. The deal aims to help drivers earn a decent wage by reducing the frequency of lockouts, allowing more drivers to get back on the road. Additionally, the agreement involves reining in pay rules that have caused a sharp decline in some drivers' pay. The agreement is seen as a win for both the drivers and the companies, as it ensures that drivers can continue to work without the threat of new regulatory burdens.
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