According to a recent year-in-review report by WebRecon, Fair Credit Reporting Act (FCRA) filings continued their slow-but-steady increased pace throughout 2022. On the other hand, filings under the Fair Debt Collection Practices Act (FDCPA) and the Telephone Consumer Protection Act (TCPA) were both significantly down from previous years. Likewise, complaints filed with the CFPB were down for the year.
WebRecon reports the overall statistics for consumer litigation throughout 2022 as follows:
- 5,597 FCRA cases were filed, representing a 3.5% increase from 2021 (the exact same percentage increase as the previous year);
- 4,525 FDCPA cases were filed, representing a 31.3% decrease from 2021;
- 1,531 TCPA cases filed, representing a 10.8% decrease from 2021; and
- 60,188 complaints filed with the CFPB, representing a 16.4% decrease from 2021.
Focusing specifically on the month of December 2022, the report indicates that FCRA filings, CFPB complaints, and FDCPA filings each increased from the previous month by 8.0%, 7.0% and 11.2%, while TCPA filings decreased by 32.4%.