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line of taxis in New York City NCUA responds to taxi medallion loan oversight. (Source: Shutterstock)

An “asset bubble,” not lackluster oversight by the NCUA led to the crisis facing New York City taxi drivers and the now-closed credit unions that loaned them money, NCUA Chairman Rodney Hood said, responding to allegations made by Senate Minority Leader Charles Schumer (D-N.Y.).

David Baumann

Credit Union Times

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