Medallion Loans news and trends

Taxi Medallion Loans Sold To Distressed Asset Manager For $350M

February 20, 2020
Marblegate Taxi medallion loans
$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers
Ridesharing // 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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Taxi Medallion Loans Sold To Distressed Asset Manager For $350M

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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

$500M Rescue Plan Considered For Debt-Burdened Taxi Drivers

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). Get...