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

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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.

 

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