Gig workers and other independent contractors can take collective action seeking better compensation and job conditions without being challenged by the Federal Trade Commission (FTC), the regulator said Tuesday (Jan. 14). The FTC said this in a press release announcing its release of a policy...
The Federal Trade Commission (FTC) and the New York attorney general aim to require gig economy platform Handy Technologies, which currently does business as Angi Services, to pay $2.95 million and make “substantial” changes to its business practices. The authorities allege the company deceived workers...
Both Walmart and FinTech company Branch said Monday (Dec. 23) that they will defend themselves “vigorously” against a Consumer Financial Protection Bureau (CFPB) lawsuit filed against the companies. The CFPB sued Branch and Walmart Monday, alleging that the companies illegally opened accounts for gig economy...
Uber reportedly told New York City’s taxi regulator that proposed changes to commercial auto insurance requirements may leave drivers unable to insure their vehicles. The company submitted written comments ahead of the Taxi and Limousine Commission’s public hearing Wednesday (Dec. 11), Bloomberg reported Wednesday. The...
The success of the gig economy hinges on its underlying digital ecosystem, particularly APIs, which power real-time services like Uber and Fiverr. But APIs are vulnerable to misuse, with advanced threats such as scraping, account takeovers and fraud intensified by generative artificial intelligence, TechNative reported....
Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers. The high court declined to weigh in...
Lyft expanded its offerings with earned wage access for drivers and a new service for pet owners. The earned wage access offering is one of several new features for the Lyft Direct debit card and banking app designed for drivers and powered by Payfare, the...
The side hustle — and the ancillary streams of income those hustles provide — now is a lifeline in the paycheck-to-paycheck economy, across all income levels. Earlier this year, PYMNTS reported that 22% of all U.S. consumers work on the side to enhance their cash...
The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state. The court’s ruling upheld a lower-court decision that Proposition 22, a 2020 ballot measure that allowed companies to classify drivers...
