EXHIBIT 23.5

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


                   CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


     We consent to the incorporation by reference in the Registration Statement
of Medallion Financial Corp. on Form S-8 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