Department of Justice Asked to Probe of Structured Settlement Buyouts
The Washington Post today reports that Democratic Reps. Chris Van Hollen (D-Md.) and Rep. Louise Slaughter (D-N.Y.) have asked U.S. Attorney General Loretta E. Lynch to open an investigation into “whether companies that purchase settlement payment rights have violated federal law amid mounting criticism that some deals have taken advantage of vulnerable residents in poor, urban communities. ‘Our goal is to have the Attorney General’s office take a deep dive into these practices and expose…