{"id":122559,"date":"2025-06-10T10:38:54","date_gmt":"2025-06-10T18:38:54","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/06\/10\/new-york-legislature-passes-bill-that-would-set-curbs-on-lawsuit-lending-industry\/"},"modified":"2025-06-10T10:38:54","modified_gmt":"2025-06-10T18:38:54","slug":"new-york-legislature-passes-bill-that-would-set-curbs-on-lawsuit-lending-industry","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/06\/10\/new-york-legislature-passes-bill-that-would-set-curbs-on-lawsuit-lending-industry\/","title":{"rendered":"New York Legislature Passes Bill That Would Set Curbs on Lawsuit Lending Industry"},"content":{"rendered":"<p>If signed into law by Gov. Kathy Hochul, the legislation would set a 25% cap on the financing company&#8217;s gross recovery from a lawsuit, and New York would join states such as Montana, Indiana, Louisiana, West Virginia and Arkansas in capping interest rates.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" align=\"left\" border=\"0\" height=\"1\" width=\"1\" alt=\"\" hspace=\"0\" src=\"https:\/\/feeds.feedblitz.com\/~\/i\/920029643\/0\/law\/legal-news\" title=\"\"><\/p>\n<div><a title=\"Add to FaceBook\" href=\"https:\/\/feeds.feedblitz.com\/_\/2\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/fbshare20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Like on Facebook\" href=\"https:\/\/feeds.feedblitz.com\/_\/28\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/fblike20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Pin it!\" href=\"https:\/\/feeds.feedblitz.com\/_\/29\/920029643\/law\/legal-news,\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/pinterest20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Stumble This\" href=\"https:\/\/feeds.feedblitz.com\/_\/12\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/stumble20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Post to X.com\" href=\"https:\/\/feeds.feedblitz.com\/_\/24\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/x.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Subscribe by RSS\" href=\"https:\/\/feeds.feedblitz.com\/_\/20\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/rss20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0\u00a0<\/div>\n<p>If signed into law by Gov. Kathy Hochul, the legislation would set a 25% cap on the financing company&#8217;s gross recovery from a lawsuit, and New York would join states such as Montana, Indiana, Louisiana, West Virginia and Arkansas in capping interest rates.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" align=\"left\" border=\"0\" height=\"1\" width=\"1\" alt=\"\" hspace=\"0\" src=\"https:\/\/feeds.feedblitz.com\/~\/i\/920029643\/0\/law\/legal-news\" title=\"\"><\/p>\n<div><a title=\"Add to FaceBook\" href=\"https:\/\/feeds.feedblitz.com\/_\/2\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/fbshare20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Like on Facebook\" href=\"https:\/\/feeds.feedblitz.com\/_\/28\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/fblike20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Pin it!\" href=\"https:\/\/feeds.feedblitz.com\/_\/29\/920029643\/law\/legal-news,\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/pinterest20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Stumble This\" href=\"https:\/\/feeds.feedblitz.com\/_\/12\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/stumble20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Post to X.com\" href=\"https:\/\/feeds.feedblitz.com\/_\/24\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/x.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Subscribe by RSS\" href=\"https:\/\/feeds.feedblitz.com\/_\/20\/920029643\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img data-recalc-dims=\"1\" width=\"1080\" decoding=\"async\" height=\"20\" src=\"https:\/\/i0.wp.com\/assets.feedblitz.com\/i\/rss20.png?fit=1080%2C20&#038;ssl=1\" alt=\"\" title=\"\"><\/a>\u00a0\u00a0<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If signed into law by Gov. Kathy Hochul, the legislation would set a 25% cap on the financing company&#8217;s gross recovery from a lawsuit, and New York would join states such as Montana, Indiana, Louisiana, West Virginia and Arkansas in capping interest rates. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 If signed into law by Gov. Kathy Hochul, the legislation would [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":122560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-122559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-com"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/06\/legal-news-3RFYCD.jpeg?fit=768%2C633&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/122559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=122559"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/122559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/122560"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=122559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=122559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=122559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}