Ocasio-Cortez calls for tougher oversight of New York City taxi medallion lending

Beboy_ltd/iStock(NEW YORK) — Rep. Alexandria Ocasio-Cortez and New York City lawmakers are calling for tighter oversight of lending in the taxi medallion industry, following a series of reports from the New York Times highlighted lending practices that have saddled hundreds of low-income cab drivers with millions of dollars in debt. In a new letter to …

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