ILR Role in Lawsuit Lending Reform Noted in Story Highlighting TN Victory
In a story highlighting awards given to two Tennessee state legislators for their role in passing a lawsuit lending reform bill in their state, the Insurance Journal highlights the U.S. Chamber Institute for Legal Reform’s role in the national effort to regulate these lenders.
“The U.S. Chamber of Commerce Institute for Legal Reform, a critic of third-party litigation funders, has urged they be regulated by the U.S. Federal Trade Commission and that their participation in lawsuit be disclosed,” notes the article.
Tennessee Reps. Curtis Johnson and Charles Sargent and Sen. Jack Johnson are being awarded the State Legislator of the Year Award by the National Association of Mutual Insurance Companies for their role in “making Tennessee the first state in the country to enact a law capping the interest rates charged by third-party litigation funders, or lawsuit lenders.”
Read the full story here.
