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.
Lenders group says New York law violates constitutional mandate prohibiting state, mayor from interfering in the regulation of the local taxi industry.
Brooklyn native and former star baseball pitcher John Franco will continue to be the official spokesperson for Municipal Credit Union.
Despite vigorous banker opposition, the Credit Union Association of New York is moving ahead this month with its legislative campaign to win support for a compromise bill allowing the deposit of public funds in CUs with a $250,000 cap.
The Credit Union Association of New York stepped up its campaign Friday to win lawmaker support for a compromise bill on allowing the deposit of public funds with a $250,000 cap.
The campaign by CUNA and state leagues to win lawmaker support for the deposit of public funds in credit unions made important gains last week,
New York credit unions won fresh support this week from a favorable State Senate budget resolution and a new endorsement by Mayor Michael Bloomberg and the New York City Council.
The economic crisis and bank departures from rural areas were giving credit unions in eight states new hope last week their legislative proposals for deposit of public funds might stand an improved chance of passing this year.