Uber to pay $20m to settle charge it misled drivers

  San Francisco: Uber has agreed to pay $20 million to settle charges that the ride-sharing company exaggerated claims about driver pay and new car financing, US regulators said on Thursday. The money paid by San Francisco-based Uber Technologies will be used to provide refunds to affected drivers in the United States, according to the Federal Trade Commission. “Many consumers sign up to drive for Uber, but they shouldn’t be taken for a ride about their earnings potential or the cost of financing a car through Uber,” FTC bureau of consumer protection director Jessica Rich said in a release. An FTC complaint accused Uber of exaggerating income potential in certain cities to attract new drivers, and making the terms of its vehicle-financing programme appear more attractive than they were. — AFP