WASHINGTON (5/4/15)--Transportation network companies (TNCs) such as Uber will be among the next generation businesses discussed at a Federal Trade Commission workshop scheduled for June 9. The workshop is designed to examine competition, consumer protection and economic issues that come with the rise of online and mobile peer-to-peer business platforms, which the FTC calls the “sharing economy."
As previously reported in News Now, CUNA is serving as a clearinghouse for TNC legislation information, due to insurance matters being heard in a number of state legislators. As lienholders on personal vehicles that could be used for business purposes if a driver works for a TNC, credit unions are seeking comprehensive and collision coverage for these vehicles to be required by law.
Leading up to its workshop, FTC staff is seeking answers to the following questions on TNCs, as well as other aspects of the sharing economy:
Comments intended for discussion at the workshop will be accepted through May 26, but the record will be held open to receive additional comments through Aug. 4.
The workshop will take place June 9 at the Constitution Center, 400 7th St SW, Washington, D.C. It will be streamed live online.