New York can build on its progressive past through lawsuit lending reform
More than a century ago, New York Gov. Al Smith championed broad social and government reforms during his four terms in office, building a strong foundation to as a national progressive policy leader and protector of vulnerable individuals.
Lawsuit Lending Disclosure is Key to Racial Justice in New York and Across America
In theory, lawsuit loans can serve as a critical line of support for individuals who find themselves in unenviable positions as the victims of fraud, accidental injury, or even malicious attacks – especially for those who are unbanked or underbanked and lack a financial safety net, which too often is the case for people of color.
Third-party financing for litigation is killing NY's trucking businesses. Albany must act
The vast majority of New York’s trucking companies are small, family-owned businesses that have operated for generations. These are the unsung heroes of our supply chain, working tirelessly to ensure that goods and materials move safely, efficiently, and cost-effectively across the state. Yet, despite their critical role, our local carriers are under siege — not just from challenges like rising fuel costs and workforce shortages, but from a lesser-known but equally destructive force: nuclear verdicts fueled by third-party litigation finance agreements that are hidden from view in legal proceedings.
MS-13’s sick lawsuit scam is enabled by a perfect storm of bad NY laws
The Sunday Post’s report on how a vile cast of villains — Russian and MS-13 gangsters, plus slimy surgeons, lawyers and lenders — pressure migrants, the homeless and other vulnerable New Yorkers to undergo unnecessary surgeries to bolster bogus lawsuits is a tale right out of a twisted horror film.
MS-13, Russian mobsters use migrants in elaborate injury scam — even getting spinal surgery to pull it off: sources
It’s the melting pot of all scams.
Russian gangsters, MS-13 members, and a cadre of corrupt surgeons, lawyers and lenders are pulling off the latest big con in the city: bogus personal-injury lawsuits where immigrants go under the knife to help their twisted ruse.
Insurers Seek Litigation Funding Changes
Disclosure of third-party litigation funding, which is routinely blamed for skyrocketing litigation defense costs and increased verdicts, could make the judicial system more efficient, advocates of disclosure regulations say.
Op-Ed | Albany Must Reform the Shadowy Lawsuit Lending Industry Before this Session Ends
Ailing 9/11 first responders. Brain-injured football players. An elderly Brooklyn resident who fractured a hip after falling into a hole outside her apartment. This seemingly disparate group has one thing in common: they were all victimized two times over.
Stop Letting the Skeevy Legal Lending Industry Make Bank off New Yorkers
It’s time to crack down on the skeevy lending practice that’s draining New Yorkers’ wallets.
Unregulated NY lawsuit lending industry is causing ‘crisis’ in real estate world: Building, real estate groups
An unregulated, multi-billion dollar New York industry that encourages questionable lawsuits is causing a “crisis” in the real estate world, two powerful building and construction groups charge.
CONSUMERS FOR FAIR LEGAL FUNDING AND RIDE-HAILING COMPANIES JOIN FORCES TO PUSH FOR REFORM OF DANGEROUSLY UNREGULATED LAWSUIT LENDING INDUSTRY
ALBANY, New York (January 30, 2024) —
Consumers for Fair Legal Funding (CFLF) — a coalition of community groups, social justice organizations, and business interests across New York — today announced the relaunch of its push for commonsense reform of the unregulated and predatory lawsuit lending industry.