Group of NYC cab drivers heading to Minnesota to protest investment firm that holds hundreds of loans on taxi medallions

  • 📰 CBSNewYork
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A group of New York City cab drivers was on its way to Minnesota on Sunday night. As KiranDhillonTV reports, the group is hoping to put pressure on a company to join the city's debt relief program for taxi drivers.

"Why did the other 90 percent settle? Because they're more likely to get paid back reasonably," Schumer said.

"This one private equity firm is still insisting on foreclosing on drivers and selling the medallions through private sales and they're refusing to bring down the debts," New York Taxi Workers Alliance executive director Bhairavi Desai said."It's a 2,400-mile journey for a lifetime of justice, because our members cannot remain in the level of debt they are drowning in."

Cab driver Mohammad Shahidullah said he had a loan with OSP, and his medallion was repossessed by a debt collector in January.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 268. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nexo and Amber Group executives claim 'exponential' growth in crypto institutional investmentWhat awaits institutional blockchain investors in Africa? Executives from Nexo and ambergroup_io give their insights moderated virtually by Cointelegraph's Editor-in-Chief Kristina Lucrezia Cornèr at Blockchain Africa Conference 2022. Nexo ambergroup_io Nexo ambergroup_io Nexo ambergroup_io This is the third time I'm commenting about you, I've withdraw my profit and I will keep talking good about you and good work, you're such an expert and direct in your work Gaofyork Start to Earn $10k-$45k weekly or monthly from your home. Join class earn while learning.
Source: Cointelegraph - 🏆 562. / 51 Read more »