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IPFS News Link • Transportation
FTC Chief Calls for "Targeted" Regulation of Uber, Airbnb
• http://www.nationaljournal.com, Brendan Sasso"Flexible" and "targeted" regulations of so-called "sharing economy" services like Uber and Airbnb may be necessary, the head of the Federal Trade Commission said Friday.
In a speech at Fordham University Law School, FTC Chairwoman Edith Ramirez warned that imposing "legacy regulations on new business models" can stifle competition and ultimately leaves consumers worse off. But, she said, regulators shouldn't shy away from enforcing important consumer protections on issues like health, safety, or privacy.
"We must allow competition and innovation in the form of these new peer-to-peer business models to flourish," Ramirez said, according to a copy of her remarks. "At the same time, where necessary, targeted regulatory measures may be needed to ensure that these new business models have appropriate consumer protections; but they should be no greater than necessary to address those concerns."