There’s a good reason your cab driver is so cranky: His livelihood might be teetering on the edge of default. According to a recent presentation prepared for Capital One Financial Corp. investors, some 81 percent of its $690 million in loans for taxi medallions are at risk of default. Medallions, …
Monthly Archives: February 2017
Fed-up taxi industry threatens to yank wheelchair-acces...
The flailing yellow-cab industry appears to be trying to blackmail the city into bailing it out — threatening to yank its wheelchair-accessible cabs off the street. David Beier, president of the Committee for Taxi Safety, which represents 20 percent of the city’s yellow-taxi medallion agents, told The Post that medallion …
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