LRANY Statement on A.G. Schneiderman’s Lawsuit Lending Case

February 7, 2017
FOR IMMEDIATE RELEASE
Contact: Phoebe Stonbely
pstonbely@lrany.org
518-512-5265

STATEMENT FROM LRANY EXECUTIVE DIRECTOR

RE: A.G. SCHNEIDERMAN ANNOUNCEMENT OF LAWSUIT AGAINST RD LEGAL FOR SCAMMING 9/11 HEROES OUT OF MILLIONS

“We applaud Attorney General Schneiderman for cracking down on predatory lawsuit cash advance firms. These litigation lenders have long preyed on the injured and dodged consumer protection laws by mischaracterizing themselves as ‘investments’ rather than loans.

In 2016, the New York State Senate unanimously passed a bill to protect consumers and regulate these companies, we hope that today’s action will encourage the Assembly to do the same.”

-Tom Stebbins, Executive Director of the Lawsuit Reform Alliance of New York

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Click Here to View Attorney General Schneiderman’s Lawsuit Announcement

Click Here to View the Lawsuit

The Lawsuit Reform Alliance of New York (LRANY) is a nonpartisan not-for-profit association of businesses, professionals, healthcare providers, membership organizations, taxpayers, and concerned citizens committed to changing New York’s legal system to help create jobs and energize our economy.