NCUA Headquarters NCUA headquarters. (Source: NCUA)

Despite pleas from members of Congress and New York City officials, the NCUA will not promise to delay taxi medallion loan sales to give city officials time to form a public-private partnership to purchase the loans.

“It is the agency’s intention to carry out an orderly liquidation of these legacy assets in a manner that protects borrowers, ensures broader financial stability, and is consistent with federal law and prior liquidations,” NCUA Chairman Rodney Hood wrote in a Jan. 29 letter to Rep. Carolyn Maloney (D-N.Y.).

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