FDCPA Snaps 5 Month Decline: Debt Collection Litigation & CFPB Complaint Stats, August 2016

Quick analysis: August… same as it ever was.

With one slight exception, August continued many of the patterns that have become common this year. That exception? FDCPA lawsuits snapped a five-month losing streak in terms of month-over-month filings. Even so, it was only with a 1.4% increase, and it wasn’t enough to break the YTD trend which still dropped a bit from 12.8% last month to 13.2% this month.

Beyond FDCPA, TCPA filings were down a bit (10.2%) from the previous month, but are still up 39.7% YTD. And FCRA filings were up a lot from the previous month (39.6%) and are up 19.4% YTD.

CFPB complaint filings had a robust month as well, up just over 30% from the previous month. That helps to knock the long-time YTD trend of complaints lagging around 10% behind last year to its lowest point of 7% down from this time last year.

Fun Facts:

Comparisons:

Current Period:

Previous Period:

Previous Year Comp:

Aug 01, 2016
Aug 31, 2016

Jul 01, 2016
Jul 31, 2016

Aug 01, 2015
Aug 31, 2015

CFPB Complaints 

3954

3026

30.7%

3619

9.3%

FDCPA lawsuits 

844

832

1.4%

998

-15.4%

FCRA lawsuits 

377

270

39.6%

321

17.4%

TCPA lawsuits 

395

440

-10.2%

342

15.5%

YTD CFPB Complaints 

26382

28372

-7.0%

YTD FDCPA lawsuits 

7093

8170

-13.2%

YTD FCRA lawsuits 

2639

2210

19.4%

YTD TCPA lawsuits 

3254

2330

39.7%

 

Complaint Statistics:

3954 consumers filed CFPB complaints against debt collectors and about 1382 consumers filed lawsuits under consumer statutes from Aug 01, 2016 to Aug 31, 2016. Here is an approximate breakdown:

Litigation Summary (scroll down for CFPB data):

The top courts where lawsuits were filed:

The most active consumer attorneys were:

Statistics Year to Date:
10714 total lawsuits for 2016, including:

Number of Unique Plaintiffs for 2016: 9980 (including multiple plaintiffs in one suit)

The most active consumer attorneys of the year:

——————————————————————————————————-
CFPB Complaint Statistics:

There were 3954 complaints filed against debt collectors from Aug 01, 2016 to Aug 31, 2016.

Total number of debt collectors complained about: 819

The types of debt behind the complaints were:

Here is a breakdown of complaints:

The top five subissues were:

The top states complaints were filed from are:

The status of the month’s complaints are as follows:

This includes 3637 (92%) timely responses to complaints, and 317 (8%) untimely responses.

Of the company responses, consumers accepted 0 (%) of them, disputed 527 (13%) of them, and 3427 (87%) were N\A.

The top five days for complaints were:

 

<> 

1234567

Republishing Guidelines

Interested in using or republishing our statistics and/or analysis?