FDCPA/FCRA Litigation Trending Upward, TCPA & CFPB Complaints Down Slightly

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According to data provided by WebRecon LLC, FDCPA litigation is trending up in 2015. Litigation was up 10% over last month, and for the first four months of the year, up 12.5% over the same period a year ago.

FCRA litigation is up 16.6% for the year but down slightly from last month (-3.5%).

TCPA litigation had a large uptick in April (up 23% over the prior month), but still down 12% over the same 4 month period a year ago.

Year to date litigation totals are 4821 total lawsuits for 2015, including:

  • 3750 FDCPA
  • 964 FCRA
  • 905 TCPA

In April, there were 3182 CFPB complaints filed against debt collectors, down a bit from March (-18.7%). But WebRecon believes that the fluctuation might have more to do with the pace of their release rather than actual complaint filing trends.

The complaints fell into the following categories:

  • 1355 Cont’d attempts collect debt not owed (43%)
  • 587 Disclosure verification of debt (18%)
  • 551 Communication tactics (17%)
  • 268 False statements or representation (8%)
  • 214 Taking/threatening an illegal action (7%)
  • 207 Improper contact or sharing of info (7%)

The top five sub-issues were:

  • 858 Debt is not mine (27%)
  • 368 Not given enough info to verify debt (12%)
  • 336 Debt was paid (11%)
  • 323 Frequent or repeated calls (10%)
  • 188 Attempted to collect wrong amount (6%)

The numbers can vary dramatically from month to month, but this month’s numbers are very similar to last month’s report.

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Posted in CFPB, Collection Laws and Regulations, Debt Collection, Fair Credit Reporting Act (FCRA), FDCPA, Featured Post, TCPA .

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