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Heard and by the numbers (access required)

Posted: 7:00 pm Sun, March 21, 2010
By Daily Record Staff

HEARD “They’re loan sharks. That’s what they are.” Del. Saqib Ali, D-Montgomery, referring to litigation-financing firms. Ali objects to legislation that would set licensing and other requirements on such firms, but exempt them from consumer lending laws. The firms say they are not making loans but buying shares in the potential recovery. “The day will come when women ...

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