Entries by Eric Schuller

Georgia Appeals Court Rules Legal Funding Not a Loan

The Georgia Appeals Court ruled on June 27, 2017 that Legal Funding is not a loan under the Georgia Industrial Loan Act (GILA) The Court stated “Unlike loans, the funding agreements do not always require repayment. Any repayment, under the funding agreements, is contingent upon the direction and time frame of the Plaintiffs’ personal injury […]

ARC Congratulates Indiana Representative Matthew Lehman

The Alliance for Responsible Consumer Legal Funding (ARC) @ARCLegalFunding would like to congratulate Indiana Representative Matthew Lehman on being elected House Majority Floor Leader of the Indiana House @INHouseGOP. Leader Lehman has expressed in past testimony that legal funding has “been a lifesaver to many.” We look forward to continuing to work with Leader Lehman […]

Alliance for Responsible Consumer Legal Funding Taps Former OK Lawmaker as Executive Director

The Alliance for Responsible Consumer Legal Funding (ARC) today announced former Oklahoma State Senator Rob Johnson as its new Executive Director. Johnson will oversee the day-to-day operations and strategic direction of ARC, a coalition that ensures the proper regulation of the consumer legal funding industry in the United States. “Rob Johnson will be a strong […]

Fiction: The insurance industry claims that Consumer Legal Funding is a predatory practice that takes advantage of people under financial hardships.

Fact: This is the biggest false-claim perpetuated by the insurance industry and others to scare the public about Consumer Legal Funding options. It is a safe alternative to predatory products. Products labelled “predatory” typically include bi-weekly or monthly current payments, have hidden rates and fees and create “debt traps”, as in personal debt obligations that […]

Industry Reaction to Announcement that Tennessee’s Only Locally Based Consumer Legal Funding Company is Shutting Down Home-State Service Due to Harsh Regulations

Provident Litigation Finance, the only Tennessee-based provider of Consumer Legal Funding, announced today it is shutting down its services for Tennessee consumers as harsh state regulations take effect. Provident was started in 1999 by Nashville resident Dan Cleary, who personally ran the business ever since, serving more than 10,000 Tennesseans. Cleary was the largest provider […]

Insurance Watchdog Group “Hall of Shame”

As consumers become more aware of the barriers many insurance companies erect that prevent people from getting fair and timely claims settlements, many consumers are seeking information to help them pick insurance they can rely on. The watchdog group “Fight Bad-faith Insurance Companies” (FBIC) created a list of insurance companies that it determined follow “Bad-Faith” […]

HB160 helps insurers, not consumers

There is a bill making its way through Alabama Senate, HB 160, which will eliminate a vital financial tool for consumers of Alabama. The bill deals with Consumer Legal Funding. Consumer Legal Funding is where a company provides financial assistance to consumers who have a pending legal claim and only is repaid when and if […]