Tag: Taxi and Limousine Commission

A Bailout for Taxi Drivers? The Mayor Says No, but Others Keep Pushing

After it emerged that thousands of taxi drivers had been lured into reckless loans that left them with overwhelming debt, city leaders took steps to keep it from happening again. They have begun enforcement proceedings against brokers who arranged the loans, arrested a debt collector, strengthened oversight and written new rules. But there is one […]

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Taxi Officials Are Grilled Over Lending Crisis: ‘This Is a Moral Outrage’

[What you need to know to start the day: Get New York Today in your inbox.] The New York City Council excoriated the city officials who oversee the taxi industry on Monday, blaming them for a financial crisis that has ruined drivers and releasing a document that lawmakers said showed the officials knew for years […]

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Facing Ruin, Taxi Drivers to Get $10 Million Break and Loan Safeguards

[What you need to know to start the day: Get New York Today in your inbox.] For more than a decade, the New York City agency that oversees the taxi industry stood by while thousands of cabdrivers became mired in reckless loans that saddled them with debt they could not afford and helped lead to […]

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What Actually Happened to New York’s Taxi Drivers

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher In the past year, many New York City taxi drivers have fallen deeper into debt, even as the city moved to rein in ride-hailing apps like Uber and Lyft. Our colleague explains how the rush to […]

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