NEW: In wake of Times investigation, the New York City Council is introducing a package of legislation to boost regulation of the taxi medallion market to prevent reckless lending. Among the provisions: a ban on Confessions of Judgment in medallion loans:
These are great wins that wouldn’t be possible without the help of hundreds of taxi drivers fighting to make changes, to be heard and recognized. @NYTWA played a big role in giving those drivers a platform to do so. Now, drivers need the right to unionize to move forward.
Replying to @brianmrosenthal
Clueless de Blasio asleep while 13,000 medallion owners collectively lost $10 billion to Uber and Lyft. Now Clueless Bill’s administration will waive the $1,100 cabbie fee. I don’t think Clueless de Blasio understand simple math; $1,100 waiver doesn’t cover the $10 billion loss