Rep. Meeks Issues Statement on Sale of Taxi Medallion Loans
February 21, 2020
February 21, 2020
WASHINGTON, Feb. 21 -- Rep. Gregory W. Meeks, D-New York, issued the following statement on Feb. 20 regarding the National Credit Union Administration's decision to sell the majority of its taxi medallion loans to Marblegate Asset Management:
"Taxi drivers have suffered enormous financial strain as a result of the medallion system's broken promise.
"Not only were medallions massively over-valued, but drivers were then left to compete in an uneven market with l . . .
"Taxi drivers have suffered enormous financial strain as a result of the medallion system's broken promise.
"Not only were medallions massively over-valued, but drivers were then left to compete in an uneven market with l . . .