A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 15). A group is asking for the creation of a new public-private partnership to take over the...
February 20, 2020
Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb. 19). The National Credit Union Administration said Wednesday that it had sold most of its medallion loan portfolio to Marblegate. Neither Marblegate nor the federal regulator gave details on the exact […]
January 16, 2020
A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 15). A...
