San Francisco's Taxi Medallion Program Moves Onward By In early October, a San Francisco jury found that the SFMTA did not breach its taxi medallion program Lender Agreements with the San Francisco Federal Credit Union. Throughout this litigation, the SFMTA has continued to focus its attention on supporting purchased medallion holders and drivers. In fact, over a year ago, the SFMTA made an offer to settle the lawsuit by providing millions of dollars in loan forgiveness to medallion holders. Unfortunately, the SF Credit Union opted to continue its lawsuit against us. With the trial now behind us, we are hopeful that the Credit Union will engage in the necessary dialogue with us and agree to participate in a loan forgiveness program. We understand the challenges faced by individuals who purchased taxi medallions. Specifically, the fixed $250,000 price for a medallion is unsustainable, and needs to be lowered. Unfor...