New York city council imposes cap on ride-hailing services

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City council approves moratorium on new licenses for for-hire vehicles while city studies the rapidly changing industry

New York City is reining in the growth of Uber, Lyft and other app-based ride services with a temporary cap on new cars picking up fares.

The city council approved a package of bills Wednesday that included a one-year moratorium on new licenses for for-hire vehicles while the city studies the rapidly changing industry and its impact.

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