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...
Uber and Lyft agreed to a settlement with the Massachusetts Office of the Attorney General, resolving the office’s multiyear litigation against the ridesharing companies. The settlement includes rules on wages, benefits and protections for drivers, the office said in a Thursday (June 27) press release....
Uber has reportedly been locking out drivers from its app during periods of low demand over the past month in response to New York City’s minimum pay rule. Lyft is threatening to adopt the same strategy, Bloomberg reported Monday (June 24). This move is in...
