A taxi medallion on a cab in New York on Thursday, September 3, 2015. Because of the rise in Uber and other apps taxi medallions have decreased in worth to about $900,000 with loan delinquencies on the rise. The Melrose Credit Union has $168 million in delinquencies as of May 2015 while in January 2014 it had only $32,000. In the next six months Melrose has $212 million in maturing loans which many owners will be unable to pay. (© Richard B. Levine)

---

Size: 4799px × 3266px
Location: new york ny usa north america
Photo credit: © Richard Levine / Alamy / Afripics
License: Licensed
Model Released: No

Keywords: america, attached, auction, badge, bank, banking, borrow, borrowing, cab, city, collateral, commission, debt, default, delinquency, foreclosure, franchise, government, hack, levine, license, limousine, livery, loan, loans, medallion, north, nyc, official, plaque, rbl, rblfmr, regulation, regulatory, richard, taxi, taxicab, tlc, transportation, usa, vehicle, yellow, york