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New York City taxis view from above. New York City taxis view from above. (Source: Shutterstock)

Support appears to be growing in New York and on Capitol Hill for a public-private partnership to help beleaguered New York City taxi drivers burdened with massive loans, but the NCUA has not publicly committed its support for such a plan.

In a letter, Rep. Carolyn Maloney (D-N.Y.) asked NCUA Chairman Rodney Hood to stop the foreclosure or sale of taxi medallions the agency possesses until a city Medallion Task Force announces its plans.

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David Baumann


Credit Union Times

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