Litigation dropped across the board in April for FDCPA, TCPA and FCRA claims, according to the latest report from WebRecon.
06/05/2023 11:50 A.M.
1.5 minute read
WebRecon’s latest report shows litigation plummeted across the board in April in Fair Debt Collection Practices Act, Telephone Consumer Protection Act and Fair Credit Reporting Act claims.
FDCPA suits decreased 16.2% from March 2023 to April 2023, TCPA cases decreased 16.9%, FCRA cases decreased 10.1%, and CFPB complaints decreased 16.2%, according to WebRecon.
Here is a breakdown of claims under accounts receivable management industry laws as well as CFPB complaints for April 2023.
Fair Debt Collection Practices Act
FDCPA claims decreased by 16.2% to 290 in April compared to 346 in March. Compared to claims from Jan. 1 through April 30, 2022, FDCPA claims declined 30.2%, from 1,859 to 1,298, during the same period in 2023.
Telephone Consumer Protection Act
TCPA claims decreased by 16.9% to 113 in April compared to 136 in March. Compared to claims from Jan. 1 through April 30, 2022, TCPA claims increased 2.5%, from 477 to 489, during the same period in 2023.
Fair Credit Reporting Act
FCRA claims decreased by 10.1% to 426 in April compared to 474 in March. Compared to claims from Jan. 1 through April 30, 2022, FCRA claims decreased 11.8%, from 1,966 to 1,734, during the same period in 2023.
Consumer Financial Protection Bureau Complaints
Consumer complaints filed with the CFPB decreased by 16.2% to 5,325 in April compared to 6,354 in March.
There were 6,704 complaints in April 2022 compared to the 5,325 complaints in April 2023—a 20.6% decrease.
The types of debt behind the complaints were:
1,612 Other debt (30%)
1,358 Credit card debt (26%)
1,280 I do not know (24%)
568 Medical debt (11%)
258 Auto debt (5%)
107 Payday loan debt (2%)
77 Mortgage debt (1%)
35 Private student loan debt (1%)
30 Federal student loan debt (1%)
The most common type of complaint was about attempts to collect debt not owed, at 53% or 2,804 complaints, followed by complaints about written notification about a debt at 18% or 933.
Read the complete WebRecon report here.
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