[1]https://litigationfinancejournal.com/funder-agrees-to-1-settlement-w
   ith-cfpb-over-9-11-fund-litigation/
   As the litigation finance industry has matured, the possibility of
   funders running afoul of legal oversight grows. This was the case in a
   recent settlement between RD Legal Funding LLC and the U.S. Consumer
   Financial Protection Bureau.
   Reporting in Reuters covers the announced settlement, which highlighted
   the funder’s alleged predatory lending practices with 9/11 first
   responders, where it allegedly charged 250% interest on loans to these
   clients. While RD Legal did not admit any wrongdoing, the settlement
   required the funder to pay a whopping $1 for breaking New York’s state
   law concerning high-interest loans.
   RD Legal had argued that the financial assistance it provided to the
   first responders were not loans, but instead ‘sales of legal
   receivables’ as part of its funding agreements. The CFPB and the New
   York Attorney General’s Office had originally sought higher damages
   outlined under the state’s consumer protection law. However, the CFPB
   stated that this settlement provides the first responders access to the
   victim relief fund, totalling $482 million–hence the miniscule
   agreement.

References

   1. https://litigationfinancejournal.com/funder-agrees-to-1-settlement-with-cfpb-over-9-11-fund-litigation/