Articles Tagged with Uber

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When you click “accept” under the multi-paragraph “Terms and Conditions” portion of the Uber app, are you really bound by those terms? How about if those terms strip you of your constitutional rights?

Uber, the cell-phone based transportation company, is working to make sure the answer to both of those questions is an unambiguous “Yes.” Now, with their new terms of use, which became effective on November 21, 2016, Uber may have succeeded.

At stake is nothing less than your constitutional right to sue a wrongdoer in court. Uber is once again seeking to waive the customer’s right to seek justice in a court of law even in such cases of death or passenger sexual assault.
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Last year, the ride-sharing giant Uber introduced a new way to expand its driver pool. Uber subsidiary Xchange Leasing, LLC allows drivers with bad credit scores to lease cars at a higher-than-average weekly rate.

With the help of a $1 billion credit facility that includes capital from Goldman Sachs, Citigroup, Deutsche Bank AG, JPMorgan, SunTrust and Morgan Stanley, Xchange offers subprime leases, targeting drivers that have been turned down by traditional lenders.

The Xchange offer is attractive to many drivers because of its minimal down payment and unlimited miles. Uber claims that Xchange is not intended to turn a profit, but rather to increase the number of drivers available.
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