Lawsuits Against the Industry Up Across the Board

The total number of lawsuits filed by consumers claiming violations of the Fair Debt Collection Practices Act (FDCPA) increased substantially in June. The increase was 16% over the same time last year. There was also a double digit increase from the prior month.

According to data from Web Recon, Telephone Consumer Protection Act (TCPA) cases and Fair Credit Reporting Act (FCRA) cases also had a double digit increases from May to June.

There was a 64.9% increase in TCPA cases in June over the prior month. Though, surprisingly, TCPA volume is still down over last year, but by a much smaller margin than last month. The dramatic increase in June TCPA cases cut the YTD decline almost in half from 9.2% to 5.1%.

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