Litigation decreased across the board in June for FDCPA, TCPA and FCRA claims, according to the latest report from WebRecon.
08/02/2023 1:55 P.M.
1.5 minute read
WebRecon’s latest report shows litigation increased across the board in June in Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act claims after a ramp up in May.
FDCPA suits decreased 3.6% from May 2023 to June 2023, TCPA cases decreased 33.9%, FCRA cases decreased 10.5%, and CFPB complaints decreased 12.5%, according to WebRecon.
Here is a breakdown of claims under accounts receivable management industry laws as well as CFPB complaints for June 2023.
Fair Debt Collection Practices Act
FDCPA claims decreased by 3.6% to 318 in June compared to 330 in May. Compared to claims from Jan. 1 through June 30, 2022, FDCPA claims declined 27%, from 2,673 to 1,951, during the same period in 2023.
Telephone Consumer Protection Act
TCPA claims decreased by 33.9% to 148 in June compared to 224 in May. Compared to claims from Jan. 1 through June 30, 2022, TCPA claims increased 17.1 %, from 735 to 861, during the same period in 2023.
Fair Credit Reporting Act
FCRA claims decreased by 10.5% to 148 in June compared to 224 in May. Compared to claims from Jan. 1 through June 30, 2022, FCRA claims decreased 7.8%, from 2,916 to 2,690, during the same period in 2023.
Consumer Financial Protection Bureau Complaints
Consumer complaints filed with the CFPB decreased by 12.5% to 5,190 in June compared to 5,930 in May.
There were 5,180 complaints in June 2022 compared to the 5,190 complaints in June 2023—a 0.2% increase.
The types of debt behind the complaints were:
1,589 Other debt (31%)
1,416 I do not know (27%)
1,165 Credit card debt (22%)
527 Medical debt (10%)
277 Auto debt (5%)
105 Payday loan debt (2%)
52 Mortgage debt (1%)
33 Private student loan debt (1%)
26 Federal student loan debt (0%)
The most common type of complaint was about attempts to collect debt not owed, at 53% or 2,772 complaints, followed by complaints about written notification about a debt at 17% or 890.
Read the complete WebRecon report here.
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