FDCPA Lawsuits Falling Farther Behind 2011 Numbers

Published on:
1 August 2012 at 08:18 a.m. ET

Written by: Patrick Lunsford – Editor – insideARM

http://www.insidearm.com/news/00017857-fdcpa-lawsuits-falling-farther-behind-201/

The number of lawsuits filed against accounts receivable management firms claiming violations of the Fair Debt Collection Practices Act (FDCPA) decreased in the first half of July continuing a broad trend of declines in FDCPA suits in 2012 compared to 2011.

From July 1 to July 15, suits filed by consumers claiming violations of the FDCPA fell 10 percent compared to both the previous period (the second half of June) and the same period in 2011.

Total FDCPA suit numbers are now 7 percent lower than at the same time in 2011. But consumers and their attorney representatives have been focusing on other statutes.

Lawsuits claiming violations of the Fair Credit Reporting Act (FCRA) are up 66 percent over this time in 2011 and Telephone Consumer Protection Act (TCPA) suits have increased nearly 46 percent.

FDCPA and Other Consumer Lawsuit Statistics, July 1-15, 2012