Check out my new
   article: [1]https://litigationfinancejournal.com/new-yorks-clergy-conce
   rned-about-consumer-litigation-funding-act/

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.

   [2]New York’s clergy leaders’ damnation 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.

References

   1. https://litigationfinancejournal.com/new-yorks-clergy-concerned-about-consumer-litigation-funding-act/
   2. https://empirereportnewyork.com/concerned-clergy-of-new-york-state-and-new-york-city-urge-lawmakers-to-oppose-new-york-assembly-bill-a-1270-a/