Tag Archives: Alliance for Responsible Consumer Legal Funding

The Alliance for Responsible Consumer Legal Funding (ARC) Statement Regarding the Georgia Supreme Court Decision Ruth v. Cherokee Funding

Litigation Finance Primer

“We are very pleased that the Supreme Court in Georgia took its time in rendering a thoughtful decision in this matter. The decision is consistent with what State Legislatures have said across the country, that this product is not a loan and should not be treated as such,” stated Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding. “The Court recognized the contingent nature of consumer legal funding agreements carry no obligation of repayment and thus, cannot constitute a loan. We hope this decision will finally put to rest the question of whether or not consumer legal funding is a loan or not a loan.”