Day: September 18, 2019

Schlanger Law Group Achieves Final Approval of Settlement in Midland Funding, LLC Interest Rate Litigation

As New York’s highest court, the Court of Appeals noted in Schneider v. Phelps, 41 N.Y.2d 238, 243 (1977), “The purpose of usury laws, from time immemorial, has been to protect desperately poor people from the consequences of their own desperation. Law-making authorities in almost all civilizations have recognized that the crush of financial burdens […]