Taxi medallions

A taxi medallion, also known as a CPNC (Certificate of Public Necessity and Convenience), is a transferable permit in the United States allowing a taxicab driver to operate.

Source: en.wikipedia.org

Taxi Medallion Loans Sold To Distressed Asset Manager For $350M
Taxi Medallion Loans Sold To Distressed Asset Manager For $350M
February 20, 2020  |  Gig Economy

Marblegate Asset Management, known for buying up distressed assets, now holds the largest lot of New York’s taxi-medallion loans, according to published reports Wednesday (Feb....

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Uber’s Latest Taxi Threat: Lenders And Medallion Loan Defaults
Uber’s Latest Taxi Threat: Lenders And Medallion Loan Defaults
January 02, 2018  |  Ridesharing

Driving a traditional taxi cab is not an inexpensive proposition because the medallions necessary to do the driving are not cheap. And, as Uber and...

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Uber, Lyft’s Next Victim: San Francisco’s Largest Cab Co.
Uber, Lyft’s Next Victim: San Francisco’s Largest Cab Co.
January 26, 2016  |  Regulation

Whether it’s a case of unintended consequences, or just a sign of the changing times, the Uber and Lyft on-demand ride-hailing revolution has claimed one...

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