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Uber, Lyft take down not just cab drivers, but also lenders

Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as the value of those medallions has plummeted. Source: Uber, Lyft take down not just cab drivers, but also lenders

Three New York-based credit unions that specialized in loaning money against taxi cab medallions, the hard-to-get licenses that allow the city’s traditional cab fleet to operate, have been placed into conservatorship as the value of those medallions has plummeted.

Source: Uber, Lyft take down not just cab drivers, but also lenders

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