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Collins celebrates another consumer protection win with new law

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Category: Blog
Tuesday, May 31, 2022 02:36 PM
  • Collins
  • Preditory Loan Prevention
  • SB1099

CollinsSPRINGFIELD– State Senator Jacqueline Collins successfully championed a new consumer protection measure, this time tackling predatory arrangements in litigation finance between legal funding companies and consumers.

“When a person has to seek legal remedy for an injury or wrongdoing, their ability to live comfortably hinges on financial stability,” said Collins (D-Chicago). “We have to make sure companies offering aid through legal funding transactions do not extort the people they serve under the guise of helping them stay afloat during difficult times.”

Read more: Collins celebrates another consumer protection win with new law

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