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Study on consumer lawsuit loans finds high rates, confusing terms

By Daniel Fisher | Monday, Mar 19, 2018 @ 9:13am

AUSTIN, Texas (Legal Newsline) - The broadest study yet of consumer litigation finance – money forwarded to lawsuit plaintiffs in anticipation of a victory in court or a legal settlement – found a “very complicated and circuitous” system in which some borrowers appear to subsidize others and the median interest rate exceeds 40%.