The Debate Continues Over Lawsuit Loans


In December we predicted that the issues surrounding lawsuit loans (where banks make loans to both attorneys–to help them with costs related to litigating the claim–and to the litigants themselves) would be a hot topic throughout 2011. And, sure enough, lawsuit loans made the news earlier this month.

The New York Times reported that companies that advance lawsuit loans were lobbying for legislation that would exempt them from usury limits on interest rates and other state laws intended to protect borrowers.

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