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Taxi line in New York City. Taxi line in New York City. (Source: Shutterstock)

Citing the reputational risk the industry faces, New York Credit Union Association is asking the NCUA to be as flexible as possible in dealing with taxi drivers burdened with loans they cannot repay.

“We respect and appreciate the agency’s need to protect the Share Insurance Fund from losses, but we worry about the long-term reputational damage to credit unions that may result from reports that suggest an unwillingness to work with borrowers,” association President/CEO William Mellin said.

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David Baumann


Credit Union Times

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