Tag Archives: New York
New York Moves One Step Closer to Regulating Funders
The State Senate Consumer Protection Committee has approved New York’s Consumer Litigation Funding Act. The act seeks to regulate litigation funders in the state of New York by requiring funders to register with the state, and establish contract requirements in order to protect consumers….
New York Appellate Court Upholds Consumer Legal Funding Agreement
The New York Appellate Division of the Supreme Court recently upheld a consumer legal funding agreement, finding that high interest-financing does not qualify as usury since the funding is contingent on a case outcome, and therefore cannot be classified as a loan….
