New York Lawsuit Lending Creating a New York Housing Crisis

New York Lawsuit Lending Creating a New York Housing Crisis

New York Post

The Associated Builders and Contractors (ABC-NYS) and Real Estate Board of New York (REBNY) are calling for reforms to “third-party litigation lending” which promises quick cash advances to potential plaintiffs. The coalition wants state lawmakers to reign in dubious and predatory firms that front funding to plaintiffs in frivolous lawsuits in exchange for a portion of the litigation proceeds. They say the firms use New York’s stringent workers compensation laws and other statutes to dupe workers into

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