There's a lucrative industry in New York known as lawsuit lending, and state lawmakers want to crack down on it.

Lenders provide up-front cash to plaintiffs in lawsuits who promise to repay the money after winning a settlement or award in their case.

However, these lenders are charging sky-high interest rates, making it impossible to repay the loan.

Yesterday, Senator Rob Ortt and Tom Stebbins from the Lawsuit Reform Alliance joined us talk to talk more about this issue.