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Lawsuit Lending Facts
NBCSL Calls for Alignment of Consumer Lawsuit Lending
Passes resolution calling for "protection of consumers from lawsuit lenders."
NHCSL Calls for Alignment of Consumer Lawsuit Lending
Passes resolution calling for "protection of consumers from lawsuit lenders."
How Does Lawsuit Lending Impact Small Businesses?
Lawsuit lending increases litigation costs and puts more small businesses under threat of lawsuits.
Former Georgia AG Thurbert Baker on the Problems with Lawsuit Lending
Integrity of America’s courts is in danger because of companies that specialize in funding litigation.
Real Life Victims of Lawsuit Lending Abuse
Watch firsthand accounts of victims of lawsuit lending abuse.
Did You Know?
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.
Key Headlines More +
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
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Fast Cash, Exorbitant Interest: States Act to Reign in Lawsuit Lenders
