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Mazzoni Center settled litigation with New York firms over high-cost payroll financing last year

The Mazzoni Center, a Philadelphia-based health clinic focused on the LGBTQ community, has settled a lawsuit against LCF and Fundkite, two litigation funding companies, for $1.5 million. The settlement comes after the center accused the companies of predatory lending practices, charging high interest rates and fees on advances meant to help the center during financial difficulties. The lawsuit claimed that these practices led to a cycle of debt for the Mazzoni Center, which was already struggling due to the economic impacts of the COVID-19 pandemic. The settlement will help the center stabilize its finances and continue providing essential health services to the community.

Read the Full Philadelphia Inquirer Article at:
[ https://www.inquirer.com/health/mazzoni-center-settlement-lawsuits-lcf-fundkite-20250512.html ]