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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.

NEW YORK–The Taxi and Limousine Commission here has implemented several new rule changes as it seeks to stabilize the market for taxi medallions, which continue to sink in value and which have broad implications for credit unions—and not just those involved in medallion lending.

TEXAS CITY, Texas—With increasing regulator scrutiny of vendor management and increased cyber security concerns related to potential attacks from Russia, one credit union says consolidating a number of its vendors with one company has helped it save time, money—and mounting headaches.

ALEXANDRIA, Va.–NCUA is reporting it has sold the majority of its taxi-medallion loan portfolio to Marblegate Asset Management LLC. The agency did not disclose a sales price.

NEW YORK–City leaders here are divided on a bailout for taxi medallion owners here who remain deeply in debt on loans even though the collateral has plunged in value.

LONDON–An announcement by the fintech BNPL provider Klarna that it will begin reporting transactions to the credit bureaus is being described as a “big blow” to other financial institutions as it competes in the credit card space.