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ALEXANDRIA, Va.–NCUA is now soliciting bids for its entire taxi medallion loan portfolio, which includes approximately 3,500 medallions from New York City and Chicago.

ALEXANDRIA, Va.–NCUA is now soliciting bids for its entire taxi medallion loan portfolio, which includes approximately 3,500 medallions from New York City and Chicago.

NEW YORK—Credit unions in the New York City market that make taxi medallion loans, as well as those that have purchased participations, continue to face rough headwinds, according to a new report that shows medallion values here continued to slide in June.

NEW YORK—A new report sets taxi medallion values in New York City at about half their peak 2014 value.

NEW YORK–Following a two-week hunger strike by a dozen cab drivers, the New York Taxi Workers Alliance (NYTWA), New York City, and Marblegate Asset Management—the company that bought the portfolio of taxi medallion loans from NCUA--have announced an agreement they said is aimed at helping ameliorate the crushing debt burden of many of the city’s approximately 6,000 medallion taxi owner-drivers.

QUEENS, N.Y.–An already depressed market for New York City taxi medallions continues to suffer.

ALEXANDRIA, Va.–Eight members of New York’s congressional delegation have sent a letter to NCUA asking it to take a more flexible approach with credit unions that make taxi medallion loans.