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: https://t.co/yvtYO1fBtu
At the same time, Mayor Bill de Blasio is planning his own efforts in response to the investigation: He is waiving $10 million in fees owed by medallion owners, and building a "driver assistance center" to provide financial counseling and other benefits: https://t.co/yvtYO1fBtu
This afternoon, Mayor Bill de Blasio is also expected to reiterate that he plans to extend the city's moratorium on approving new ride-hailing cars from services such as Uber and Lyft. Here's the mayor's draft press release on that: https://t.co/OCEjA7s7eD
@brianmrosenthal @TheWeekly 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.