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On Monday, the New York Taxi and Limousine Commission unanimously voted to approve new regulations that limit rideshare and taxi drivers in NYC to driving no more than 12 hours per day, and up to 72 hours per week. Those who violate the regulations could face fines and even suspension. The vote comes after findings that drivers are experiencing fatigue, which could endanger the lives of both passengers and pedestrians.

The new rules aim to make the roads safer for all, but have been met with some resistance from rideshare drivers, who are often forced to work extremely long days because of fare cuts. They claim that without the ability to work longer hours, they will not be able to make ends meet for their families.

When using Uber or Lyft, remember that there are certain credit cards you can use to maximize the money you spend on each ride. If you don’t have an Uber account, you can sign up now to receive a free ride (up to $20), courtesy of TPG.

Do you think the limit on working hours helps or harms rideshare and taxi drivers in NYC?

Featured image courtesy of Shutterstock.

H/T: Point Me to the Plane

Chase Sapphire Preferred® Card

Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.

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Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

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Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.