Credit unions that sued over medallions say they are holding their own.
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.
With claims that a plan from the mayor of New York’s office to create up to 18,000 livery cabs would create unfair competition with the city’s yellow cabs, an association of credit union lenders has filed a lawsuit to halt the effort.