Report Lawsuit Lending Abuse
Tell us about your experience with a lawsuit lending company.
Interest rates on lawsuit lending loans can exceed 100% and that some firms charge up to 250% of the loan amount? Unfortunately, that’s right.
Because of a lack of regulatory oversight, many lawsuit lenders are not required to explain their pricing structure to plaintiffs before they approve a loan. Be armed with the facts and know your risk.
May 10, 2016 - NY Times: 'NFL Concussion Payouts Have Lenders Circling' - The New York Times reports on lawsuit lending industry targeting "a very specific and, some worry, vulnerable group: short-of-cash former NFL players with cognitive impairment from years of collisions on the field." Read More
April 02, 2015 - HB 1161 Would Expand "Lawsuit Lending" in Tennessee, Should Be Stopped - Blogger George Scoville writes that, Tennessee lawmakers "should discard this bill (HB 1161) into the dustbin of many other bad ideas that special interests have proposed in our state’s history, as it would let slip the dogs of exploitation." Read More
March 19, 2015 - NJ Assembly Committee OKs Litigation Funding Bill Despite Concerns - A bill that would subject litigation funding to regulation in New Jersey got its first committee approval, but not before lawmakers expressed significant concerns over interest rates. Read More
December 02, 2014 - Louisiana Guidance Pertaining to Non-recourse Financial Transaction Exemption Contained in Act 636 of 2014 - The Louisiana Office of Financial Institutions published a "Guidance Pertaining to Non-Recourse Financial Transaction Exemption Contained in Act 636 of 2014". Read More