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Consumer Financial Protection Bureau et al v. RD Legal Funding LLC et al

  1. November 23, 2022

    CFPB And NY Settle Suit Alleging RD Legal 9/11 Fund Scam

    RD Legal Funding struck a deal Wednesday with the Consumer Financial Protection Bureau and New York's attorney general, ending allegations that the litigation funder ripped off 9/11 first responders with deceptive, high-interest legal settlement "advances," fining RD Legal just $1 but barring it from collecting further interest.

  2. June 30, 2022

    CFPB, NY Drop NFL Player Claims From Legal Funder Suit

    More than five years into a suit against litigation funder RD Legal, the Consumer Financial Protection Bureau and New York's attorney general have dropped allegations that the company ripped off a group of injured pro football players.

  3. March 17, 2022

    CFPB Can Carry On With RD Legal Suit In NY

    A New York federal judge ruled Wednesday that the Consumer Financial Protection Bureau can proceed with its deceptive practices claims against litigation funder RD Legal, concluding that the agency always had the power to bring the case even if the bureau was unconstitutionally structured at the time the suit was filed.

  4. September 12, 2018

    NY Judge Nixes Rest Of Legal Funder Suit After Booting CFPB

    A Manhattan federal judge concluded Wednesday that her decision earlier this year that the Consumer Financial Protection Bureau is unconstitutionally structured and must exit a lawsuit accusing RD Legal Funding of scamming injured NFL players and 9/11 responders means that New York's attorney general can't proceed with the rest of the case, after all.

  5. August 30, 2018

    NY AG Seeks Clarity After CFPB's Exit From Legal Funder Suit

    New York's attorney general has asked a Manhattan federal judge to clarify her recent rulings in a suit accusing RD Legal Funding of scamming NFL players and 9/11 first responders, saying that it's not clear what claims survive after she found the Consumer Financial Protection Bureau unconstitutional, chucked its claims and then paused the rest.

  6. August 24, 2018

    CFPB Gets Door Opened To 2nd Circ. Look At Constitutionality

    A New York federal judge who previously ruled that the Consumer Financial Protection Bureau is unconstitutionally structured and must exit a lawsuit accusing a litigation funder of gouging NFL players and 9/11 responders has agreed to finalize her judgment against the agency, teeing up its expected appeal to the Second Circuit.

  7. August 16, 2018

    Legal Funder Wants Fraud Suit Stayed After CFPB Ruling

    RD Legal Funding, the litigation funder accused of gouging NFL players and 9/11 responders who were loan customers, asked a Manhattan federal judge Wednesday to press pause on the suit as the Consumer Financial Protection Bureau appeals its surprise ejection — or to greenlight a broader appeal.

  8. August 14, 2018

    Legal Funder Can't Exit Fraud Suit After CFPB Ruling: NY AG

    The New York attorney general fired back on Monday against litigation funder RD Legal Funding LLC's efforts to shut down a suit alleging it scammed injured NFL players and ailing 9/11 first responders, saying the suit should continue despite an earlier ruling that found the Consumer Financial Protection Bureau unconstitutional.

  9. August 06, 2018

    Co. Tries To Duck Claims It Scammed 9/11 First Responders

    RD Legal, a settlement advance company accused of scamming injured NFL players and ailing 9/11 first responders out of millions, has asked a federal court to toss the New York attorney general's suit against it after the same court issued a head-turning ruling in June finding the Consumer Financial Protection Act unconstitutional.

  10. June 21, 2018

    CFPB Structure Ruled Unconstitutional By NY Judge

    A New York federal judge has found the Consumer Financial Protection Bureau to be unconstitutionally structured, saying in a ruling Thursday that she disagrees with the D.C. Circuit's holding to the contrary from earlier this year and isn't bound by it.

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