Archive for Company News

RD Legal Funding Joins Other Companies Challenging CFPB’s Authority, Seeks To Dismiss Lawsuit

RD Legal Funding Logo

RD Legal Funding, LLC (RD Legal) and its affiliated companies recently filed a motion to dismiss the joint lawsuit by the Consumer Financial Protection Bureau (CFPB) and the New York State Attorney General’s office (NYAG). The motion seeks the dismissal of the complaint based on, among other things, the unconstitutional structure of the CFPB; the overreach by the CFPB in its attempt to regulate transactions over which it has no jurisdiction; and the improper characterization of RD Legal’s transactions as loans rather than true sales transactions.

During the course of the last several months, multiple media outlets have reported how other companies are pushing back against the CFPB’s overreaching as well as challenging the agency’s unconstitutional structure. In addition to RD Legal, Ocwen Financial Corporation, PHH Corporation, Pathfinder Payment Solutions, Prime Market Holdings, the Accrediting Council for Independent Colleges for Schools, and the State National Bank of Big Spring have challenged the CFPB’s overreaching. These companies have also argued the agency over stepped their authority, disregarded the law, and distorted the facts.  The U.S. Department of Justice has also argued that the CFPB’s structure is unconstitutional.

Additional Reading

http://www.breitbart.com/big-government/2017/04/04/companies-challenging-increasingly-vulnerable-consumer-financial-protection-bureau/

https://www.insidehighered.com/quicktakes/2015/10/26/gop-lawmakers-slam-cfpb-probe-involving-accreditation

http://www.bizjournals.com/southflorida/news/2017/04/26/ocwen-responds-to-illegal-foreclosure-lawsuit-by.html

https://www.law360.com/articles/877799/payment-processing-marketer-wants-sanctions-against-cfpb

http://www.nationallawjournal.com/id=1202774917908/ForProfit-College-Accreditor-Challenges-Politicized-Scrutiny

RD Legal Funding Makes Donation to Essex County Legal Aid Association

RD Legal Funding LogoThe below press release was distributed via PR Newswire on February 11th, 2015.

Cresskill, NJ – RD Legal Funding, LLC (“RD Legal”) recently made a donation to the Essex County Legal Aid Association, a 501(c)(3) nonprofit organization that provides free emergency legal services about civil matters to those who can’t afford it in the county.

Founded in 1906, the Essex County Legal Aid Association (“ECLAA”) last year helped 1,217 indigent clients from Newark, East Orange, Irvington and other county communities. Senior ECLAA attorney Ingrid Enriquez noted, “The majority of our clients seek and get our one-on-one help with landlord-tenant matters. We also help indigent people with consumer, family, individual rights, employment and income maintenance crises.”

ECLAA’s focus is providing immediate help with civil law emergencies. Ms. Enriquez noted, “If an ECLAA client needs representation after we handle the crisis, we will refer the client to relevant organizations.”

“Part of our mission at RD Legal Funding is supporting plaintiffs and attorneys, and ensuring that all parties can have fair access to justice,” said RD Legal President Joseph Genovesi. “Contributing to ECLAA, an organization that provides legal services to those in need, was a logical step.”

ECLAA business administrator Robert Adler said, “ECLAA is funded solely by donations and grants. This first-time support from RD Legal Funding helps us to assure that our staff attorneys can provide face-to-face legal advice to income-eligible clients. ECLAA is a small and effective nonprofit organization that has earned the Gold-Level Exchange Seal from Guidestar (www.guidestar.org) for being ‘transparent and proactive in providing information and documents to help donors and funders make their giving decisions.'”

ECLAA’s office in the Hall of Records building (Room 118, 465 Dr. Martin Luther King, Jr. Boulevard in Newark) is open from 9:30 a.m. to 3:30 p.m. Monday through Thursday. To learn more about ECLAA, visit their website (www.eclaanj.org).

RD Legal is committed to ensuring justice is available to all parties. Founded in 1998 by former litigator Roni Dersovitz, RD Legal offers cash flow solutions to plaintiffs’ attorneys and their clients with its unique post-settlement financing options.

To learn more about RD Legal and its unique post-settlement funding solutions, contact Joseph Genovesi at 201-568-9007, ext. 140 or visit http://www.legalfunding.com.

Corporate Review Interviews RD Legal Funding President

RD Legal Funding LogoFebruary 4, 2015 Boca Raton, FL — An award-winning TV show focusing on the best and brightest leaders in the business world has turned its eye toward an innovative legal funding firm. A new episode of Corporate Review spotlights Joseph Genovesi, President of RD Legal Funding. The firm is dedicated to helping smaller law firms survive the ups and downs of contingency-based representation.

On February 7, 2015 at 5:30 pm EST, the segment will air on Bloomberg Television (as pd. prog). On February 8, 2015 at 11:30 am EST, the segment will air on the Fox Business Network (as pd. prog). Please check your local listings for airtimes (click here for Fox and click here for Bloomberg).

During his studio interview, Mr. Genovesi discusses the very real cash flow struggles faced by attorneys and legal teams that take their fees on contingency. RD Legal Funding specializes in post-settlement attorney cash flow issues, because many of the financial bottlenecks occur due to delays in settlement payments. Until the plaintiff receives the settlement award, the law firm can do nothing to collect its fee, causing many smaller legal enterprises to be strapped for funds.

Mr. Genovesi explains how delays in settlement payment can occur for a variety of reasons, such as the involvement of a minor in the case, Medicaid or Medicare liens, class action suits, and other complicating factors. This means that settlements may pay off in a completely unpredictable manner, creating nightmarish cash flow problems for contingency attorneys.

RD Legal Funding was founded in 1998 to help solve this serious problem. Once the settlement award has been confirmed, the company steps in to accelerate disbursement of fees to the attorney in the event of a delay. This allows the attorney’s cash flow to continue without major interruptions.

“We’re excited about profiling RD Legal Funding,” says Corporate Review’s Vice President of Programming, J.L. Haber. “Their service makes a huge difference for legal firms struggling with delays in contingency fees.”

About Corporate Review

Corporate Review is an award winning business and health program that is independently produced by MMP (USA), Inc. The show provides its viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. With more than 5,000 companies participating on over 500 shows, Corporate Review continues to be the premier and targeted outlet for the latest business and health stories. Corporate Review airs on cable networks to over 100 million potential television households.

For specific market-by-market air dates and times, please contact Monique Healing at 256-840-3020 or Moniqueh@mmpusa.com. For more information, please visit www.corporatereview.tv.

RD Legal Funding Gets Ready for BBBS’ Walk for Kids’ Sake

smiling kids
Joseph Genovesi, President of RD Legal Funding and Board Member for the Big Brothers Big Sisters (BBBS) of Bergen, Morris, Passaic and Sussex, is rallying up the team at RD Legal to participate in the Walk for Kids’ Sake for the second year in a row.

Last year, with the help of friends, family, and the RD team, Genovesi managed to raise over $1,500 for the Walk. This year he hopes to exceed that amount. The walk is being held on October 26th, 2014 at the Wyndham Worldwide Headquarters, 22 Sylvan Way, Parsippany, NJ.

The Walk for Kids’ Sake is an event held annually by BBBS in order to fundraise for its mentorship program and to celebrate its successes. Founded in 1904, BBBS operates in order to inspire, support, and motivate children by offering positive mentoring. Studies conducted by Public/Private Ventures have shown that children with a mentor of some sort are less likely to engage in dangerous, illegal, or otherwise detrimental activities, and are better able to thrive in a family environment.

Genovesi has been an active member of BBBS for over 13 years, and has been on the Bergen, Morris, Passaic and Sussex board since February 2013. He has been a mentor to the same child for over 13 years, and has seen the effects of positive mentoring firsthand.

If you are interested in learning more about BBBS, visit www.northjerseybigs.org. You can support Joseph Genovesi’s team by visiting www.walkforkidssake.org/joegenovesi.

Photo Credit: ToniVC via Compfight cc


Written by Shayna Keyles

Shayna Keyles is a blogger and social media marketer based in Louisville, Kentucky. When not working with RD Legal, she helps small businesses manage their online profiles and explores uncharted areas. You can follow her on Twitter at @SKLiaison or contact her at skeyles@gmail.com.

6th Annual Walk for Team Walker

basketball sneakers
The 6th annual Walk for Team Walker is slated to take place on Saturday, June 21, 2014 at Exchange Place in Jersey City, New Jersey. Walkers can check in around 9:30 a.m. and the walk will commence at 11:00 a.m.

Team Walker is an organization that was started in 1996 by Jerry and Jasper Walker. The organization launched after school academic and athletic programs for youth in Jersey City that would provide safe and constructive choices to keep kids away from negative influences.

Team RD Legal Funding will be walking alongside teams from other companies around the Jersey City promenade to help raise funds for the organization. After the walk, there will be free food, face painting, live music, balloon twisting, and mascots.

Leo J. Zatta, Chief Financial Officer of RD Legal Funding, is a longtime supporter of the organization and the Chairman of Team Walker’s Board of Trustees. People interested in walking tomorrow in Jersey City can register online. In addition, Team Walker is seeking donations. You can donate by visiting TeamWalker.org.

Photo Credit: kikfoto via Compfight cc


Written by Team at RD Legal Funding

Big Brothers Big Sisters 2014 Annual Gala

big brothers big sistersBig Brothers Big Sisters of Morris, Bergen, Passaic & Sussex, Inc. held their annual gala titled “A Celebration of Big Magic” on Thursday, May 15th, 2014. The event consisted of a cocktail reception, seated dinner, live music, and a silent auction.

The event was held to celebrate the volunteers who dedicate their time helping at risk youths get on or stay on the right path. Tom Fascia was named New Jersey’s Big Brother of the Year. The silent auction helped the fundraising efforts of the organization.

The gala took place at the Hanover Marriott in Whippany, NJ. The main honoree was B.J. Agugliaro, a Managing Partner for Pricewaterhouse Coopers, LLP. RD Legal Funding President, Joseph Genovesi, is currently a board member of the Big Brothers Big Sisters of Morris, Bergen, Passaic & Sussex.


Written by Lulaine Compere

RD Legal’s Twitter Account Hits 2500 Followers

2500 twitter followers
At around 12:30 p.m. on April 1st, 2014, RD Legal Funding achieved a social media milestone when their Twitter account hit the 2,500 follower mark. RD Legal is proud to embrace this new technology and is enjoying the branding, traffic, and leads that come with a strong social media presence.

Slightly over a year ago on February 26th, 2013, the company’s Twitter account surpassed the 1,000 followers mark. Since then, growth has accelerated, acquiring 1,500 new followers in less than 13 months (it took about 2 years to hit the 1,000 mark).

The growth can be attributed to Lulaine Compere’s constant updating of the company Twitter profile, combined with utilizing Twitter’s promoted account product.

RD Legal’s other social media profiles include:

In addition, the company blog (that you’re reading now), which focuses on the legal finance industry, recent lawsuits and settlements, and company news, contains over 500 blog posts. The main authors are Lulaine Compere and Shayna Keyles.

RD Legal Funding specializes in post-settlement lawsuit funding via their proprietary Fee Acceleration program. If you are an attorney working on a contingency fee basis with a slow-paying settlement, or a plaintiff experiencing a payment delay of your award, RD Legal can help with their post-settlement financing solutions.

For more information, please contact Joseph Genovesi, President of RD Legal, at 201-568-9007, ext. 140. If you’re ready to fill out an application, please visit our Apply Now page and fill out the quick form.


Written by David Smethie

How Are You Giving Back For The Holidays?

happy-holidaysRD Legal Funding has been hit with the holiday bug. To celebrate the holidays, instead of throwing a raucous holiday party, we’re giving back to our community so that everyone can close out the year with a holiday bonus.

Following last year’s tradition, when we donated $1,500, we’re giving $2,500 to the Community Food Bank of New Jersey. This particular organization utilizes about 96 cents out of every dollar received to feed hungry families in New Jersey. Some of their programs include the BackPack Program, which provides full, nutritious meals to children who might not have enough to eat over the weekends; the Community Kitchen, which uses food from supermarkets that weren’t good enough to sell, but are certifiably good enough to eat; and the Mobile Pantry, which provides meals to under-fed people in areas with limited resources.

It’s easy to give back. Donating is one way to do it, but there are so many other ways to help your community. What are you doing this year to make a difference?

For more information about the Community Food Bank of New Jersey, check out their website, or follow them on Twitter: @cfbnj

Joseph Genovesi Interviewed on LawTalkRadio

Joseph Genovesi, Senior Vice President of Business Development and Origination at RD Legal Funding, was recently interviewed by Nick Augustine on LawTalkRadio. Topics that were covered include:

Below is a recording of the interview. Please leave a comment and let us know what you think!

Listen to internet radio with LawTalkRadio on BlogTalkRadio

RD Legal Funding on the Road

on-the-roadRepresentatives from RD Legal Funding will be at the Georgia Trial Lawyers Annual Convention and Gala taking place in Atlanta, GA and the Vermont State Bar’s Solo and Small Firm Conference this week. RD Legal Funding is going to be a vendor with promotional material at both events. The events are taking place May 16th-17th.

The Georgia Trial Lawyers Annual Convention is the largest gathering of trial attorneys in the state of Georgia, where ideas will be shared, issues concerning trial attorneys will be discussed, and networking opportunities will be available for the attendees. The Vermont State Bar’s Solo and Small Firm Conference is a series of panels and events geared toward helping small law firms build their practices. The Georgia Trial Lawyers Conference is taking place at the Loews Hotel Midtown and the Vermont State Bar’s Solo and Small Firm Conference is taking place at the Basin Harbor Club.

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