Check out my new article: https://litigationfinancejournal.com/new-yorks-clergy-concerned-about-consum... New York’s Clergy Concerned About Consumer Litigation Funding Act This week, Litigation Finance Journal reported that the New York State Assembly is debating ‘Bill A.1270-A,’ which is referred to as the Consumer Litigation Funding Act. Meanwhile, New York City and State Clergy leaders have co-signed a letter of objection to the Consumer Litigation Funding Act’s thematic intent(s). However, New York’s clergy leaders signaled support for mindful regulation of litigation investment agreements. New York’s clergy leaders’ damnation <https://empirereportnewyork.com/concerned-clergy-of-new-york-state-and-new-york-city-urge-lawmakers-to-oppose-new-york-assembly-bill-a-1270-a/> of the Consumer Litigation Funding Act is further buttressed by Assemblyman Erik Dilan’s bill A.3315. Mr. Dilan’s approach is to juggle ethics and transparency to pioneer litigation funding regulatory standards. Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC), had this to say about the proposed bill: “*A1270-A is being promoted as a good piece of legislation to help protect consumers, when all it does is harm consumers. It eliminates the product from the state. It makes it cost prohibitive to operate in New York, and the proponents of the bill, the Insurance Industry, know that. **They do not want consumers to have this financial lifeline so that they can get the true value of their legal claim.”* The clergy leaders of New York support Dilan’s “fair, ethical and transparent” legislation. They refer to A1270-A (the Consumer Litigation Funding Act) as “a wolf in sheep’s clothing,” which, as Mr. Schuller noted, is designed to eliminate Consumer Legal Funding from the state entirely.