Medallion Credit Unions Suffer Legal Setback

February 2, 2016 at 9:07 am Leave a comment

NYC’s medallion credit unions recently suffered another legal setback in their effort to level the regulatory playing field between the heavily regulated yellow cab industry and  ride sharing companies such as  Lyft and Uber.( Melrose Credit Union v. City of New York, 15-cv-9042)

This morning’s New York Law Journal  is reporting that on January 26th federal judge   Southern District Judge Analisa Torres rejected claims that NYC’s Taxi and Limousine Commission was violating the equal protection rights of medallion owners. In its complaint the plaintiff’s contended that, by imposing onerous requirements on medallion cabs without imposing similar requirements on ride sharing networks they were being  subjected to unequal treatment  under the law, which has already diminished the value of their medallions by  40%.

According to the NYLJ, “Torres said the different rules for taxis and for-hire vehicles were “rationally related” and “allow the TLC to achieve the legitimate government objectives of increasing the accessibility, availability, and diversity of cost-effective transportation.”

That same day a separate court refused to block from taking effect regulations requiring half of the city’s medallion cabs to be wheelchair accessible by 2020.

 

So it begins

Your blear-eyed blogger had the first of several late nights last evening watching the results of the Iowa caucuses. Bernie Sanders and Hillary Clinton essentially tied-49.6 to 49.9- for Hillary and Ted Cruz soundly defeated “The  Donald” who eked  out a second place finish against  Marco Rubio.

The line of the night was from Republican Mike Huckabee, the former Arkansas governor and past caucus winner. He announced he was quitting the race explaining  that he was not withdrawing because of the vote-he finished tied for ninth-but “because of illness…obviously the voters  are sick of me. ”

My take away: both parties are in for one of the most drawn out and competitive primary seasons in modern history. The electorate doesn’t know what it’s in favor of but it sure does know what it’s against,  which is just about everything.  We are a nation of rebels in search of a cause.

 

 

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Entry filed under: General, Legal Watch, Political. Tags: .

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Authored By:

Henry Meier, Esq., General Counsel, New York Credit Union Association.

The views Henry expresses are Henry’s alone and do not necessarily reflect the views of the Association.

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