Unlike any other financial marketplace in the United States, the structured settlement secondary market segment is not subject to licensing and many companies paying cash now for structured settlement payments are soliciting business from citizens of states where they are not even registered to do business.
To compound that, some of these structured settlement factoring companies and their agents are inducing people to commit fraud on the courts, so the factoring companies can make massive profits at the expense of their victims. Some structured settlement secondary market companies have even committing fraud themselves.
Public records show that people with felony records and bans from other financial regulatory organizations participate and/or have participated in the structured settlements secondary market. Unfortunately a huge gap in regulation fails to protect how consumers and investors can be solicited. What regulation there is, is not consistently effective enough and weaknesses are exploited to the detriment of American consumers. As things stand in March 2020, with the exception of Maryland and its ambitious Attorney General Brian Frosh and Louisiana which recently required structured settlement purchaser registration, there is inexplicably, no regulatory body that consumers, investors in structured settlement payment rights, or participants in the structured settlements secondary market can easily turn to if they wish to address questionable business conduct by companies in the structured settlement secondary market.
So the Structured Settlement Watchdog® writes/barks about it. With respect to raising awareness, the blog Structured Settlements 4Real® is a success, and is ranked among with top websites in the structured settlement industry. Read some of our testimonials.
WHY IS THERE A STRUCTURED SETTLEMENT WATCHDOG?
Structured Settlement Watchdog® John Darer®, is an experienced AM Best Recommended Structured Settlement Expert, Master Structured Settlement Consultant, Certified Financial Transitionist and Registered Settlement Planner who has voluntarily served as the industry watchdog since 2005 when he created the Structured Settlements 4Real® blog, a leading source of structured settlement information and news and expert opinion, including settlement planning issues/ ideas and alternative deferred payment solutions. John Darer's Structured Settlement Watchdog® commentary exposes bad business conduct in the structured settlement secondary market, provides relevant information that may be helpful to attorneys, plaintiffs, defendants, claims adjusters, judges, investigative reporters in local and national news media, sellers and buyers of structured settlement payment rights, law makers, law enforcement, attorneys general, the Consumer Financial Protection Bureau (CFPB), the FTC, consumer and disability advocate groups and interested others. The content is informative, irreverent and effective with over 1 million page views.
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