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- Taxi drivers in NYC faced a lending scam leading to extreme debts.
- Community support helped a family navigate financial crisis and strive for stability.
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Financial Struggles Due to Taxi Industry Changes
Felicia's father sold his taxi due to financial difficulties with loan payments for his taxi medallion, required to drive a yellow cab in New York City. The medallion, essential for legal cab operations, has become incredibly expensive. Without it, driving a taxi is illegal in the city. Felicia's family, dependent on the taxi income, faced unexpected financial turmoil that jeopardized their stability.
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