FDCPA Filings Show Strong Increase in June


FCRA and TCPA litigation filings decline, according to latest WebRecon report.

7/22/2020 9:00

Consumer litigation filings displayed some “unusual” trends in June, according to the latest WebRecon LLC report.

“For June 2020 we have a picture I don’t quite remember seeing before. FDCPA is up a strong 20.2 % over last month and FCRA/TCPA are both down pretty big as well, 12.9 % and 11.1 %, respectively,” WebRecon LLC CEO Jack Gordon said in the report. “That on its own is fairly unusual.”

However, Gordon reports, year-to-date filings for the three statutes show opposite activity compared to June.

The FDCPA declined 16.9 % while the FCRA increased 8.2 % and the TCPA increased 17.7%.

Looking at the monthly numbers:

TCPA filings declined from 207 in May to 184 in June, according to the report.

Meanwhile, FDCPA cases increased 20.2 % percent from 524 in May to 630 in June, and FCRA cases declined 12.9 % from 426 in May to 371 in June.

Year-to-date filings:

There were 2,376 filings for the FCRA from Jan. 1 through June 30, 2019, compared to 2,570 from Jan. 1 through June 30, 2020, an 8.2 % increase, according to the report.

TCPA filings increased 17.7 % comparing data from Jan. 1 through June 30, 2019, to that same timeframe this year. There were 1,789 and 2,106 filings under the TCPA, respectively.

The 16.9 % decrease in FDCPA filings comparing Jan. 1 through June 30, 2019, to that time this year is 4,394 to 3,651, respectively.

Complaints to the Consumer Financial Protection Bureau were relatively steady, with a 1.8% decrease from May to June. Year-to-date complaints increased 7.9 %. Timely responses from financial services companies continue to come in at strong rate: 97 %.

Read more findings in the complete WebRecon report here.

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