WASHINGTON (6/8/15)--The Federal Trade Commission (FTC) has released the agenda and list of speakers for its Tuesday workshop focused on issues in the new “sharing economy.”
Among the items that will be discussed is regulation governing transportation network companies (TNCs), which CUNA covered in a May letter to the FTC.
CUNA is advocating for statutory protections to prevent loss exposure in credit unions’ role as lienholders for cars used by TNC services such as Uber or Lyft. CUNA, along with state leagues, are encouraging states to require TNC drivers to have comprehensive and collision insurance coverage during all phases of TNC operation.
The FTC’s workshop will feature four separate panel discussions on market structure and design, mechanisms for trust, consumer protections, and business and regulatory views. A representative from Uber will be part of one panel, along with a number of academics, private businesses and government policymakers.
The workshop is scheduled to run from 8:30 a.m. to 5:30 p.m. (ET).
While pushing for credit union-friendly legislation across the country, CUNA is also serving as a clearinghouse for TNC-related information, expertise, guidance and information at the state level.