FCRA Lawsuits Rise Sharply in 2015

 FCRAFTCGavel

Written By ESR News Blog Editor Thomas Ahearn

Lawsuits filed for alleged violations of the federal Fair Credit Reporting Act (FCRA) have risen sharply so far in 2015, according to a statistical analysis of FCRA lawsuits on WebRecon.com.

Statistics on WebRecon.com show that 249 FCRA lawsuits were filed in the period between April 1-30, 2015, while 205 FCRA lawsuits filed between April 1-30, 2014, a rise of 21.5 percent.

One a year to date (YTD) basis, FCRA lawsuits rose 16.6 percent, with 964 FCRA lawsuits filed from April 1-30, 2014 to April 1-30, 2015 and 827 FCRA lawsuits filed from April 1-30, 2013 to April 1-30, 2014.

However, FCRA lawsuits in April 2015 were down 3.5 percent from the 258 FCRA lawsuits filed in March 2015.

A breakdown of the January 1 to April 30 period for the last five years show FCRA lawsuits have risen steadily:

  • 2011 – 461 FCRA lawsuits filed
  • 2012 – 758 FCRA lawsuits filed
  • 2013 – 740 FCRA lawsuits filed
  • 2014 – 827 FCRA lawsuits filed
  • 2015 – 964 FCRA lawsuits filed

The FCRA is a United States federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information.

As reported previously on the ESR News blog, several FCRA lawsuits have been filed in 2014 and 2015 and several companies have faced million dollar settlements.

FCRA lawsuits for violations even if no one is actually harmed have increased in 2015, as predicted by Employment Screening Resources (ESR) founder and CEO Attorney Lester Rosen.

This trend was one of the ESR Top Ten Background Check Trends for 2015 selected by Rosen at the start of the year.

For more information about background check services from ESR, please call toll free 888.999.4474 or visit http://www.esrcheck.com.

More Information about FCRA Lawsuits

To read more ESR News blogs about FCRA lawsuits, visit http://www.esrcheck.com/wordpress/tag/class-action-lawsuits/.

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