NORTHBROOK, Ill., Sept. 18, 2013 /PRNewswire-iReach/ -- Oasis Legal Finance, LLC, the nation's largest and most recognized national brand in consumer Legal Funding today announced that consumer Legal Funding pioneer and entrepreneur Ralph Shayne is the company's new Chief Executive Officer.

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Shayne returns to suburban Chicago-based Oasis, which provides non-recourse consumer Legal Funding to consumers involved in personal injury claims, after having co-founded the company in 2002 and serving as its initial Chief Financial Officer.

"Since its founding over a decade ago, the astounding growth of Oasis is due to a consumer-focused culture based on helping hundreds of thousands of Americans who previously had nowhere to turn when their lives were devastated by an accident," Shayne said. "Consumer Legal Funding is the financial lifeline giving consumers the opportunity to keep their families together, to put food on the table, and to keep a roof over their heads until the insurance company decides to settle their claim."

As CEO, Shayne indicated that the consumer-focused and transparent approach to consumer Legal Funding that has made Oasis the industry leader will not only be continued, but will be expanded upon as the company is working with legislators on an aggressive consumer-centered push to define appropriate state-level regulations and best practices to guide the growing industry well into the future.

"Oasis will continue to be the driving force and industry leader in the regulatory and legislative arena," Shayne said. "Oasis has a responsibility to those we serve to ensure that a properly regulated and transparent industry acts in the best interest of the consumer. Economically disadvantaged people should have the full right to access their financial assets, and we advocate a transparent attorney-assisted means for them to do that for their litigation claims."

Shayne returns to Oasis following a successful tenure as co-founder and Chief Financial Officer for PayLink, a leading provider of payment plans for vehicle service contracts he co-founded in 2006.  While at PayLink, Shayne was instrumental in the establishment of the pro-consumer industry trade association, the Vehicle Protection Association, which promotes regulatory transparency and responsible marketing practices for sellers of vehicle service contracts.  Shayne has a long history of building entrepreneurial companies in partnership with private equity firms, and spent prior years deploying capital in the metro telecommunications market after deregulation of local service. Shayne earned his MBA from the University of Chicago's Booth School of Business.

Oasis Legal Finance, LLCOasis Legal Finance, LLC is the largest and most recognized national brand in legal finance providing non-recourse lawsuit funding to consumers involved in personal injury litigation, primarily due to auto and work-related accidents. Since inception in 2002, Oasis has received over 500,000 consumer applicants for legal funding. A significant portion of that activity has occurred just over the past few years as Oasis experienced significant growth. Oasis has developed a one-of-a-kind, high-touch processing system providing customers with the fastest service times available. Upon approval of the lawsuit funding and receipt of the signed agreement, Oasis can provide cash in the hands of the plaintiffs, literally in as little as 24 hours. Oasis is headquartered in Northbrook, Illinois,  For further information, please visit www.OasisLegal.comor contact Eric Schuller, Director of Government Affairs, eschuller@oasislegal.com

Media Contact: Eric Schuller, Oasis Legal Finance, (847) 513-7927, eschuller@oasislegal.com

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SOURCE Oasis Legal Finance

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