The US Chamber of Commerce’s Institute for Legal Reform (ILR) recently released a White Paper entitled “West Virginia’s Climb; Lawsuit Climate Progress in the Mountain State and the Path Ahead.” In the paper, the Chamber addresses the issue of Consumer Legal Funding, or “Lawsuit Lending” as they like to call it. The Chamber makes […]
When I sat down to contemplate the real meaning of Thanksgiving, I realized the holiday means so many different things to different people. Personally, and for those who are lucky enough to be healthy and employed, it means that children are home from school, homes are decorated with fall décor and holiday shopping begins. Days […]
With the Holiday Season upon us and all the pressure that brings with it Americans are under a lot of stress. Now imagine you have been through a terrible accident, due to no fault of your own, and you cannot meet your financial obligations because you are not able to work due to your injuries. […]
According to CNBC 78% of full-time workers said they live paycheck to paycheck, up from 75% last year. In addition 56% of those polled said they were in over their heads with debt and have saved less than $100 per month for emergency’s. The story went on to say that even those making over […]
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 […]
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 […]
The other day the US Chamber of Commerce, Institute for Legal Reform released their paper titled “101 Ways to Improve State Legal Systems”. In the publication the Chamber weighed in on the issue of consumer legal funding or as they like to call it “lawsuit lending”. After putting out some questionable information, they pointed to […]
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 […]
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 […]
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 […]