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NEW YORK CITY–Was NCUA’s controversial decision to sell off its portfolio of some 3,500 taxi medallion loans the right move after all?

WASHINGTON–Even though mortgages rates actually declined last week, both refinance and purchase loan demand declined, with total mortgage application volume down 11% for the week, according to the Mortgage Bankers Association's seasonally adjusted index.

ARLINGTON, Va.—NAFCU is calling NCUA’s portfolio of taxi medallion loans a “risk” to credit unions.

NEW YORK–Federal prosecutors in Manhattan have opened an investigation into possible lending fraud in the New York City taxi industry, and a number of now-defunct credit unions are expected to be involved.

NEW YORK–This city’s taxi medallion credit unions may now all be defunct, but the stories of personal devastation, including suicides, continue to be told.

NEW YORK CITY–A number of new bills have been introduced in this city aimed at helping to mitigate the debt crisis being faced by New York City taxi drivers who borrowed hundreds of thousands of dollars to pay for taxi medallions.