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2017 MBO Partners State of Independence in America: Today’s Independents Are Happier, Healthier, and More Satisfied Than Ever Before

Payments Source

The 2017 MBO Partners State of Independence In America paints a positive picture of an independent workforce that is continuing to grow and mature.

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Uber CEO Vows To Shutter Ride-Hailing Service Temporarily In California

PYMNTS

10), a judge granted a preliminary injunction requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court. 10), a judge granted a preliminary injunction requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the court.

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Prop 22: California Voters Side With Uber And Lyft, Nix AB 5 Gig Worker Law

PYMNTS

California voters passed Proposition 22, which exempts tech platforms like Uber, Lyft, and DoorDash from state law AB 5, which forced them to reclassify gig workers as employees, according to a Wall Street Journal report on Wednesday (Nov. Gig workers will also be entitled to occupational accident insurance.

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Is There A ‘Third’ Way For Uber and Other Gig-Economy Firms To Classify Workers?

PYMNTS

The piece appeared as a California judge ruled that Uber and ride-hailing peer Lyft can’t classify drivers as “independent contractors” in the Golden State. Khosrowshahi’s third way — neither classifying workers as employees nor independent workers — would let gig workers receive some benefits, but not become full employees.

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European Central Bank To Launch Probe Of 10-Hour Payments System Outage

PYMNTS

The European Central Bank (ECB) has plans to independently investigate an incident that affected its TARGET2 real-time gross settlement system on Oct. An initial probe determined that a software defect in a specific device was what caused the incident, the release stated.

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NJ: Uber Owes $650M In Taxes After Misclassifying Drivers

PYMNTS

New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors.

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Uber, Lyft Lose AB5 Appeal In California

PYMNTS

Silicon Valley rideshare giants Uber and Lyft must abide by a California Court of Appeals’ decision that they can no longer classify their drivers as independent contractors, pending a ballot measure giving voters a say on election day (Nov. Uber and Lyft have said that as a technology platform, all they do is match drivers and passengers.