Latest WebRecon report shows decline in TCPA in May.
6/30/2020 9:00
After an increase influenced by a record number of plaintiffs in April 2020, cases under the Telephone Consumer Protection Act declined in May, according to the latest WebRecon report.
“May was the lowest month of the year in terms of total litigation and FDCPA and TCPA litigation. FCRA numbers were lower, nominally, only in February and March,” WebRecon CEO Jack Gordon said in the report.
TCPA filings declined from 650 in April to 206 in May, according to the report.
Meanwhile, Fair Debt Collection Practices Act cases decreased 13.6 % percent from 603 in April to 521 in May, and Fair Credit Reporting Act cases declined 7.6 % from 460 in April to 425 in May, according to the report.
Year-to-date litigation filings for the FCRA and TCPA increased.
There were 1,930 filings for the FCRA from Jan. 1 through May 31, 2019, compared to 2,197 from Jan. 1 through May 31, 2020, a 13.8 % increase, according to the report.
TCPA filings increased a 26 % comparing Jan. 1 through May 31, 2019 to that time this year. There were 1,517 and 1,911 filings under the TCPA, respectively.
Year-to-date FDCPA filings did decrease, however, by 20.3 % or from 3,784 to 3,016, according to the report.
Complaints to the Consumer Financial Protection Bureau increased 2.6 % from April 2020 to May 2020. Year-to-date complaints increased 8.1%. Timely responses from financial services companies continue to come in at strong rate, 97 %.