Capital One subpoenaed by N.Y., feds over taxi loans
The McLean, Va.-based company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City. ... Read full article
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CFPB, N.Y. settlement would ban Buffalo debt collectors from industry
State and federal authorities say the network of firms in upstate New York sought debts that consumers weren't obligated to pay and impersonated government officials, among other things. ... Read full article
Taxi loan abuses part of a broader pattern in New York
In a state where laws are unusually favorable to high-cost business lenders, taxi drivers are not the only small-business people getting trapped in loans they can't afford to pay back. The question is, what are policymakers going to do about it? ... Read full article