Though most other forms of lending are regulated by the state and federal governments, lawsuit lending is not, giving unscrupulous hedge funds and others free rein to exploit New Yorkers who desperately need financial support at a critical time in their lives.

The lack of guardrails around the litigation financing industry impacts all of us, as it clogs the already overburdened court system and wastes taxpayer dollars. But the state’s most vulnerable residents – lower-income individuals of color who are unbanked and lack a financial safety net – are most at risk of falling prey to those who seek to capitalize on their misfortune.

This cannot continue if New York wants to maintain its reputation as a progressive policy leader and a truly equitable state.

Enter your information here and help us protect New Yorkers from getting fleeced by unscrupulous lenders who are making millions by taking advantage of the least among us.

We will keep you updated on CFLF’s efforts to reign in the Empire State’s unregulated lawsuit lending industry and let you know about future opportunities to contact your state lawmaker and let them know they must act on this important issue during the 2024 legislative session.