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Taxi medallion loan concerns. Taxi medallion loan concerns. (Source: Shutterstock)

New York House Democrats want to know what financial regulators are doing to avoid another crisis like the taxi medallion debacle that left drivers with debts they cannot possibly repay.

The 11 Democrats, led by Rep. Alexandria Ocasio-Cortez (D-N.Y.), say that under the watch of the regulators, financial institutions took advantage of drivers for years.

David Baumann


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