Uber and Lyft found a loophole in a driver pay law. Drivers pushed back.

NEW YORK — New York City was the first place in the United States to mandate minimum pay rates for drivers for companies such as Uber and Lyft. But after the companies found a loophole that made it much harder for some drivers to get by, the city is looking to change its law, prompting dueling pressure campaigns as both sides seek to influence the outcome.

Yellen won’t rule out sanctions on Chinese banks, curbs on ‘dark fleet’ oil tankers

U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on “dark fleet” tankers and will not rule out sanctions on Chinese banks as it seeks to reduce Russia’s oil revenue and access to foreign supplies to fuel its war in Ukraine. Yellen said in an interview that the U.S. and its allies also could consider lowering their $60-per-barrel oil price cap on Russian oil, which prohibits Western insurance and maritime services on cargoes above that level. The Treasury has already sanctioned individual tankers and their owners for operating above the price cap and can do more in this area, Yellen added, suggesting additional measures in the five weeks before she leaves office.

Biden commutes the sentences of 1,500 Americans, a record for one day

WASHINGTON — President Joe Biden said on Thursday that he is commuting the sentences of nearly 1,500 people and pardoning 39 people convicted of nonviolent crimes in a sweeping act of clemency during his final weeks in office. The White House said it was the largest number of commutations by an American president in a single day.

New Federal rule limits overdraft fees at large banks

WASHINGTON — The Consumer Financial Protection Bureau on Thursday finalized a rule that would limit overdraft charges at large banks and credit unions, a move that federal officials said could help save Americans billions in fees each year.