NYC Is 1st Major US City To Cap Uber, Lyft Licenses

Law360 (August 8, 2018, 6:37 PM EDT) -- New York City on Wednesday became the first major U.S. city to curb the number of Uber, Lyft and similar for-hire vehicles on its roads after the City Council approved a one-year freeze on issuing new licenses to app-based ride-hailing services, while also setting a wage base for drivers.

In response to rising concerns of traffic congestion, cutthroat competition and declines in drivers' earnings, the New York City Council overwhelmingly approved a package of new regulations covering for-hire vehicles that puts a one-year moratorium on the number of new licenses for Uber Technologies Inc., Lyft Inc. and similar app-based ride-hailing service...

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