Tierney Blog

Md. AG Sues Finance Companies on Structured Settlements

Calling it "exploitation in its worst form," the Md AG has sued Access Funding for its marketing of their purchasing lead paint settlements from low income families and then selling the downstream revenue stream.  The AG is seeking to return $17 million to over 70 Maryland consumers and is receiving editorial support.  The case is the result of a seven-month investigation.  A spokesperson for the National Association of Settlement Purchasers called Maryland an "isolated place" and that the Maryland facts were unique.  My guess is that other attorneys general will be carefully monitoring the practices of this growing industry.