The Federal Trade Commission is taking a stern look at Chicago’s attempts to regulate the city’s ride-sharing industry, warning state regulators to not harm competition as Chicago looks to preserve the taxi sector.
Reports say the FTC sent a letter earlier this month advising Chicago authorities not to impose regulations other than those that protect consumers. According to reports, the federal regulator asked Chicago not to pass any rules that impose higher licensing fees or insurance requirements on app-based share-riding services, such as Uber and Lyft, than what is charged to traditional taxicabs.
The letter was backed unanimously by Commissioners, according to reports.
Some Chicago lawmakers and the taxi industry alike are proposing state legislation changes that would cap the ability for some ride-sharing app businesses to grow.
Full Content: Chicago Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI