August FDCPA litigation statistics show large litigation drops for two successive months. That’s according to the monthly report from WebRecon LLC (WebRecon) statistics on consumer litigation.
FDCPA litigation was down by 12.6% in July after dropping 7.5% in June. While the trend is welcome, FDCPA litigation is still up significantly year-over-year. In fact, litigation totals are 18.1% higher at this time last year.
WebRecon also reported that TCPA litigation showed no movement in August numbers from the month before. The WebRecon editor commented that he believed it was the first time he had ever seen that happen.
FCRA litigation was also down slightly in August (2.3%) while still being significantly up (32.3%) YTD.
CFPB complaints dropped 10% from the month before. YTD, CFPB complaints are just above the 2014 numbers, showing only a 3% increase from the prior year.
The WebRecon data is always interesting. The monthly report also includes data on who is filing lawsuits and the jurisdictions where the lawsuits are being filed. Usually there is a direct correlation between those two stats. We encourage a thorough review of the monthly report.