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AG: Companies in possible violation of state law

Oasis Legal finance and LawCash made loans when the two companies advanced 2,400 Coloradans sums of money ranging from $500 to $5,000 in anticipation of legal settlements or judgments from lawsuit, according to a Denver District Judge. That ruling makes both companies subject to Colorado’s consumer protection laws, said Attorney General John Suthers. The state… Continue Reading AG: Companies in possible violation of state law

The Colorado Attorney General has filed a counterclaim lawsuit against a series of Illinois and New York companies, accusing them of engaging in deceptive trade practices and unlicensed lending. John Suthers said the companies, which offer “settlement advances” for lawsuits, are a “growing issue in Colorado. Despite their labeling and assurances to the contrary, these… Continue Reading AG files counterclaim against two settlement-advance companies

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