Organizers planning de novo bank in New York City
The group behind NewBank is pursuing a charter with the Office of the Comptroller of the Currency to offer banking services nationwide. ... Read full article
News Topic: City of New York, NY
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Bill would aid New York cabbies who can't make loan payments
Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds ... Read full article
MWBE banks team up with NYC comptroller to win more business
Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities. ... 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