EXHIBIT 23.6

             [LETTERHEAD OF COOPERS & LYBRAND L.L.P. APPEARS HERE]


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS

     We consent to the incorporation by reference in the Post-Effective
Amendment No. 1 to the Registration Statement of Medallion Financial Corp. on
Form S-8 (File No. 333-19057) of our report dated October 24, 1995, on our audit
of the Statement of Operations of Transportation Capital Corp. (a New York
corporation), and the related statements of shareholders' equity and cash flows
for the year ended December 31, 1994, which report is included in the Annual
Report on Form 10-K.

                                             /s/ Coopers & Lybrand L.L.P.

                                             COOPERS & LYBRAND L.L.P.

New York, New York
May 27, 1997