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: CL&P BlogLawsuit Loan Sharks?
By Brian Wolfman
Check out this New York Times article on the lawsuit loan industry, which loans money to people with pending lawsuits for a cut --- sometimes a huge cut -- of the proceeds if the suit succeeds. The industry is unregulated, and, as the article explains, some people are urging better disclosure of loan terms and that the industry be subjected to consumer protection laws applicable to many other loans.
Full post as published by CL&P Blog on January 17, 2011 (boomark / email).
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