News Topic: NY
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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
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