State high court decision allows the city of New York to sell 2,000 additional medallions for wheelchair-accessible yellow taxicabs.
New York State Acting Supreme Court Justice Arthur Engoron issued a temporary injunction against Mayor Michael Bloomberg’s 2011 plan to create a new class of up to 18,000 liveries authorized to pick up street hails in Brooklyn, Queens, the Bronx, Staten Island and much of Manhattan.
Credit unions opposed to a plan from the mayor of New York’s office to create up to 18,000 livery cabs recently received good news.
Lenders group says New York law violates constitutional mandate prohibiting state, mayor from interfering in the regulation of the local taxi industry.
A year after it started offering them, San Francisco Federal Credit Union has funded its 100th taxi medallion loan.