Unlike most other loans, there are no federal regulations on lawsuit loans specifically. This means that lenders do not have to maintain federal standards, so you need to watch out for disreputable firms. Check the online reviews for any company you consider contracting with. To find reputable lenders, you can also check with the American Legal Finance Association (ALFA). ALFA is a trade association for the legal funding industry. They set standards for their members that help ensure ethical lending procedures and transparency. ALFA maintains a code of conduct that all member companies must follow or risk losing membership. Check to see if prospective lenders have an active membership with ALFA. A membership with ALFA is a good indicator of reputation in the legal funding industry.