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NY Times: 'NFL Concussion Payouts Have Lenders Circling'

May 10, 2016

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."

"The lenders are targeting this group because the former players stand to receive as much as $5 million each in a landmark legal settlement with the N.F.L. that an appeals court affirmed last month," reports the Times. "Already, a handful of players have borrowed thousands of dollars from these lenders, according to industry officials and players, against the payouts they hope to receive once the deal is completed after a second appeal is heard and lawyers for the league and for the players work out the logistics."

Read the full story here

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