New York City Representatives Calling for Taxi Bailout

Representatives Alexandria Ocasio-Cortez, Nydia Velázquez, and Carolyn B. Maloney, all Democrats from New York, spoke out against the loans taxi drivers are trapped in during a special congressional hearing this Thursday. Each representative took a different approach to help the Big Apple’s taxi drivers: Ocasio-Cortez advocated for an all-out bailout to cancel debt from these sub-prime loans, Maloney pushed for a halt in foreclosures on taxi drivers, and Velázquez wants new legislation to stop predatory lending and add disclosures on small business loans.

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