On February 7, 2017, the Consumer Financial Protection Bureau (“CFPB”) and the New York Attorney General filed a complaint in federal court accusing companies RD Legal Funding, LLC, RD Legal Finance, LLC, and RD Legal Funding Partners, LP (collectively, “RD Legal”) and their principal, Roni Dersovitz, of misleading consumers regarding advances made on payouts from settlement funds, including certain 9/11 first responders and former NFL players.  According to the complaint, RD Legal  advanced funds to consumers who are entitled to payouts from legal settlement funds.  This includes 9/11 first responders suffering from respiratory conditions, cancer, and other illnesses, who are eligible to receive payments from the “Zadroga Fund,” established when Congress passed the James Zadroga 9/11 Health and Compensation Act of 2010.  It also includes former NFL players who are eligible to receive amounts from a fund created by the settlement of a class-action lawsuit against the NFL relating to brain injuries.
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Continue Reading CFPB, New York AG Accuse Settlement Funding Company of Engaging in Deceptive and Abusive Conduct Towards 9/11 First Responders, NFL Players