FCRA Litigation on the Rise

  • Written by Thomas M. Cull for The National Law Review

New data offer fascinating insight into current trends for consumer finance litigation. According to WebRecon, Complaints to the Consumer Financial Protection Bureau have spiked by 10% in the last month alone. And, from October to November, litigious plaintiffs increased their efforts to bring statutory claims against financial service providers. In the last month, Telephone Consumer Protection Act filings increased 37.1 percent from 248 to 340; Fair Credit Reporting Act filings increased 4.4 percent from 339 to 354; and Fair Debt Collection Practices Act filings increased 15.5 percent from 638 to 737.

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