Powered by

Bailout Up to $500 Million Proposed for Taxi Drivers Trapped in Loans

Jan 15, 2020 - The New York Times

The proposal is the most far-reaching step taken in response to a Times investigation into exploitative practices in the industry.

The proposal is the most far-reaching step taken in response to a Times investigation into exploitative practices in the industry.

A high-level New York City panel appointed by Mayor Bill de Blasio and other officials intends to propose a bailout for thousands of taxi drivers trapped in exploitative loans that could cost as much as $500 million, several p...