FDCPA Lawsuits on Track for Third Straight Year of Declines

Lawsuits against ARM companies filed by consumers under the Fair Debt Collection Practices Act (FDCPA) are on track to decline again in 2014. If the trend holds, it would be the third-straight year of declines in total FDCPA lawsuits after years of rapid growth. In the first four months of 2014, there have been 3,294 FDCPA cases filed in federal courts across the U.S. That number is 18 percent below the total at the same time last year, according to data provided by WebRecon LLC. <more>