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taxi medallions
City council grills taxi bosses over medallion market collapse
City lawmakers grilled Taxi and Limousine Commission bosses on Monday over the agency’s failure to head off the medallion market collapse — an outcome forecast by a nearly decade-old report...
De Blasio nominates new commissioner to head TLC
Mayor Bill de Blasio on Tuesday nominated the deputy commissioner for the city's Department of Veterans' Services to head the Taxi and Limousine Commission. The mayor said in a statement...
De Blasio’s bid to make ride-shares work just like yellow cabs
Ouch: Mayor Bill de Blasio’s “solution” to the collapse in the taxi-medallion market is to impose a similar system on Uber, Lyft and the whole ride-share industry. On Wednesday, the...
City council proposes overhaul of taxi medallion industry
The Taxi and Limousine Commission’s failure to address years of concerns about the collapsing taxi medallion industry has spurred City Council members to take matters into their own hands. “City...
Cabby suicides: Blame New York’s sick political culture
The wave of suicides among cabbies thrown impossibly deep into debt by the collapse of taxi medallion prices is tragic enough. Now it turns out that the political power of...
Bad loans were killing the taxi industry long before Uber and Lyft: report
The financial woes of the city taxi market may not be entirely the fault of ride-hailing companies — the industry was a house of cards waiting to collapse, a report...
Councilmen planning bailout for taxi drivers after medallion prices plummet
Two City Council members are working on a bailout plan for taxi-medallion owners who say their livelihoods have been destroyed by ride-share apps. Ydanis Rodriguez — who heads the council’s...
TLC waives nearly $20 million in taxi fees in response to cabby suicides
The city will apply the brakes on millions of dollars in fees due this week from taxi-medallion owners in an attempt to stem a rash of cabby suicides. Taxi and...
TLC demands Michael Cohen return taxicab medallions
In yet another blow to Michael Cohen, the city's Taxi and Limousine Commission has given him less than two weeks to transfer all his yellow cab medallions — under threat...
The City Council is trying to undo the ridesharing revolution
Brace yourselves, New York: It’s about to get a lot more difficult — and expensive — to move around the city. Don’t blame road construction, subway delays or a UN...
'Taxi King' behind bars after not paying $100K in child support
Fallen “Taxi King” Gene Freidman is now behind bars — for failing to pay over $100,000 in child support. “Inessa please don’t do this,” the former medallion mogul begged his...
Disgraced 'Taxi King' is losing his prized Ferraris
Fallen “taxi king” Gene Freidman has lost 800 medallions — but he’s managed to hang on to his Ferrari collection, until now. Ferrari Financing Services is suing the broke businessman...
Judge orders 'Taxi King' to pay $1.3M in sex harassment case
Embattled city "Taxi King" Gene Freidman must pay $1.3 million to a former employee who accused him of sexual harassment. Brooklyn federal court Judge Anne Donnelly ordered the hefty $1,340,914.97...
'Taxi King' must pay $1.3M to ex-assistant after sex harassment
A Brooklyn judge wants embattled "taxi king" Gene Freidman to cough up $1.3 million to his former assistant, who sued the businessman following months of alleged sexual harassment. Elaine Gutierrez...
139 taxi medallions will be offered at bankruptcy auction
New York City’s struggling yellow cabbies are facing the auction block. A record 139 taxi medallions will be offered for sale in bankruptcy auction this month — the latest sign...
Brother of cabbie who took own life begs for ride share regulation
The brother of a taxi driver who committed suicide earlier this month begged city officials Tuesday to regulate Uber and other ride share apps to pull cabbies out of poverty....
Cohen insists he's never done business with Taxi King
President Trump's personal lawyer Michael Cohen on Wednesday tried to distance himself from Evgeny Freidman after the "Taxi King" entered into a plea deal with the state attorney general that...
New York has a moral duty to play fair with yellow cabs
In many ways, New York City taxi medallions were the first form of “congestion pricing” — something worth recognizing as lawmakers look to impose charges for driving into much of...
Credit union is driving cabbies to brink of suicide: advocate
A credit lender’s aggressive tactics toward taxi-medallion owners are so extreme that they are driving cabbies to the brink of suicide, an advocacy group claims. The taxi advocates are begging...
Ride-sharing apps are driving NYC cabbies into financial ruin
NYC cabbies are being driven to the edge of financial ruin and despair as ride-hail apps like Uber and Lyft continue to take their customers. Last week, in the fourth...