- Why should you care? From CUtoday, "Melrose Credit Union is threatening to sue New York City for allowing “illegal hails” at the popular ride-sharing service Uber. The $2.1-billion Melrose, which provides loans for taxi medallions, claims Uber’s electronic hails are illegal and has sent letters to the Taxi & Limousine Commission and New York Mayor Bill de Blasio threatening a suit if the city doesn’t act. Uber and other ride sharing services such as Lyft, have had dramatic effects on taxi cab revenue in some markets.
Stories of interest