WebRecon Partners with Ontario Systems, Offering Litigious Consumer Scrubs to Customers
FOR IMMEDIATE RELEASE: Grand Rapids, MI (May 27, 2014) – WebRecon, the leading provider of consumer complaint data to the credit and collection industry, announced today a new partnership with Ontario Systems, a leading receivables management technology and services provider. Ontario Systems will offer WebRecon’s consumer litigant scrub (“The Litigant Alert”) to its customer base […]
Debt Collection Litigation & CFPB Complaint Statistics, March 2014
Quick analysis: In the March data we see an answer to one burning question… why were CFPB complaints down so drastically (like 20%) last month? The answer is simple… they weren’t. But, the CFPB did not release the data to show us the full picture until April. Data availability issues aside, we now starting to see a […]
FOR IMMEDIATE RELEASE: WebRecon LLC Launches Litigious Consumer Phone Scrub, New Logo & Web Site
FOR IMMEDIATE RELEASE: Grand Rapids, MI (April 7, 2014) – WebRecon LLC is pleased to make two announcements today: Litigious Consumer Phone Scrub: Dialing in this day and age is riskier than ever. With TCPA litigation exploding both in volume and in the cost to deal with (not to mention the continued prominence of both […]
Debt Collection Litigation & CFPB Complaint Statistics, February 2014
Quick analysis: In February we are seeing some volatility in CFPB filings against debt collectors, with a fairly dramatic drop from 3121 in January (amended up about 5% from the 2975 complaints we were able to report last month) to 2513 in February. That is 19.5% lower. The three fewer days in February are not enough […]
Debt Collection Litigation & CFPB Complaint Statistics, January 2014
Quick analysis: 2014 started without any big surprises in consumer litigation. FDCPA filings in January are down from a year ago, and TCPA & FCRA are up. But with only one month of data it is too early to draw any meaningful conclusions yet. CFPB complaints have been adjusted for some significant new data influxes. […]
Debt Collection Litigation & CFPB Complaint Statistics, December 2013 & Year in Review
Quick analysis: Well, 2013 is over. And, as expected, FDCPA litigation has decreased for the second year in a row, down 10% over 2012 (which itself was down 7% over 2011). Also expected, TCPA litigation exploded this year, up 69% over 2012. The one surprise in the year-end numbers is that FCRA litigation eked out […]
Debt Collection Litigation & CFPB Complaint Statistics, November 2013
Quick analysis: November confirmed what has been fairly clear all year – FDCPA and FCRA litigation against debt collectors is declining, while TCPA is expanding. It looks like 2013 will end with FDCPA down around 10% over 2012 and FCRA down nominally, while TCPA continues its aggressive growth with near-70% growth over last year. Caveat… […]
Debt Collection Litigation & CFPB Complaint Statistics, October 2013
Note: Starting this month, we are offering CFPB complaint statistics against debt collectors. Quick analysis: This month, we begin including statistics from the Consumer Financial Protection Bureau’s database on complaints filed about debt collectors. And the lead story is…. consumer complaints plummeted in October, after steadily increasing over the first three months. Scroll down to […]
FDCPA and Other Consumer Lawsuit Statistics, September 2013
Quick analysis: FDCPA & FCRA are down, TCPA is up. After several months of such trending, this appears to be the new normal. FDCPA is down 6% YTD from last year, FCRA is down 3% YTD, and TCPA is up a staggering 70% over YTD 2012. Note that TCPA is set to become even stricter […]
FDCPA & Other Consumer Lawsuit Statistics, August 2013
Quick analysis: August 2013 saw litigation volumes more or less stabilize at pre-summer levels (after a summer drop), on track to end the year slightly below last year’s numbers. FDCPA litigation was the only category to drop from both last month (-2.3%) and last year (-16%), while FCRA and TCPA both rose significantly over the […]