A PYMNTS Company

US: FTC scrutinizes Chicago stance on ride-sharing market

 |  April 22, 2014

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.