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April 25, 2013

Louisiana Considering Measure to Regulate Lawsuit Lenders

The Louisiana State Senate Commerce Committee yesterday advanced a measure that would protect consumers from the growing lawsuit lending industry.

Melissa Landry, executive director of Louisiana Lawsuit Abuse Watch, writes in The Pelican Post:

Louisiana lawmakers are considering a proposal to appropriately regulate the lawsuit lending industry. Senate Bill 166 by Sen. Dan Claitor from Baton Rogue will bring these companies in line with other lenders and better protect Louisiana consumers and our courts from lawsuit loan sharks.

Earlier this week, FoxBusiness.com featured ILR’s position on the burgeoning lawsuit lending industry. You can read that story here.

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