Lawsuits attack business model of Tampa’s LM Funding

Tampa-based LM Funding America is off to a rocky start as a publicly traded company.  The firm — which buys the rights to collect delinquent homeowners association dues — is under attack in two lawsuits accusing it of illegal practices.  One suit, filed by a Miami condo association, alleges that LM Funding concocted a “criminally usurious lending scheme” that targeted struggling community associations.   Read the article………