Representative Gregory Meeks (D - NY) on February 20 stated he stands strongly against the sale of taxi medallion loans by the National Credit Union Administration (NCUA) to Marblegate Asset Management LLC.
In a statement, Meeks commented that while "some banks are recognizing the unsustainable bubble of medallion debt and providing debt forgiveness, it is discouraging to see NCUA move in the opposite and wrong direction."
Read the press release.
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