TCPA Litigation Sprawl

Last week, the US Chamber released new research, entitled “TCPA Litigation Sprawl: A Study of the Sources and Targets of Recent TCPA Lawsuits.  The paper is a a macro-level analysis of Telephone Consumer Protection Act (TCPA) litigation that reviews all TCPA federal complaints and a segment of electronically-available state complaints from a 17 month period after the Federal Communications Commission (FCC) issued its July 2015 Omnibus Declaratory Ruling.
The paper examines the who, what, where of TCPA litigation–namely the plaintiffs’ lawyers bringing TCPA cases, the presence of serial plaintiffs, an analysis of the industries and defendants sued most frequently, and a heat map of where litigation is most concentrated.

Key findings from the paper include:

TCPA lawsuits exponentially increased-from 2,127 to 3,121 (or 46 percent)-in the 17-month period after the FCC Order versus the comparable period before.
Of the 3,121 cases filed, more than 1,000 are nationwide class actions.
One-third of TCPA lawsuits in the studied period target the financial industry, but suits have been filed against approximately 40 different industries.
In addition to the traditional TCPA litigation hubs of California, Illinois and Florida, 40 percent of TCPA litigation since the FCC Order has been filed in 39 other states.
Sixty […]

By |September 19th, 2017|Collections, Industry News, National News|Comments Off on TCPA Litigation Sprawl

New GOP ObamaCare repeal bill gains momentum

A last-ditch effort by Senate Republicans to repeal and replace ObamaCare is gaining steam, suggesting lawmakers could face another vote on ending the former president’s signature law later this month.

Supporters do not have the 50 votes necessary to pass the bill yet, but pressure is growing on Republicans to back the measure, which could replace much of ObamaCare with block grants for states.

In a crucial boost for its chances on Monday, Arizona Gov. Doug Ducey (R) offered his support.

“Congress has 12 days to say ‘yes’ to Graham-Cassidy. It’s time for them to get the job done,” he said, referring to the bill’s two main co-sponsors, Sens. Lindsey Graham (R-S.C.) and Bill Cassidy (R-La.).

Ducey’s support is important because Sen. John McCain (R-Ariz.) has said the Arizona governor’s position would be an important factor in how he votes.

McCain helped kill the repeal effort in July, calling for committee hearings and a bipartisan process, but he has left the door open to voting for Graham and Cassidy’s bill.

Still, McCain on Monday criticized the rushed process leading up to a possible vote next week, while not ruling out voting for the bill.

“The governor of Arizona is favorably inclined, but I am going to […]

By |September 19th, 2017|Health Reform, Medicare/Medicaid, National News|Comments Off on New GOP ObamaCare repeal bill gains momentum

Credit Card Debt Continues to Approach Post Recession Highs

Consumers’ debt is on track to top $1 trillion this year despite a strong paydown in the first quarter, according to WalletHub.

Consumers’ credit card debt is continuing to increase at high levels, especially since the end of the Great Recession.

Consumers built up $33 billion in new credit card debt in the second quarter this year, meaning balances could surpass $1 trillion by the end of 2017, according to the latest Credit Card Debt Study: Trends & Insights report from WalletHub.

The second quarter increase brought credit card debt to $936.10 billion, the second highest amount since the end of 2008.

A year ago, in second quarter 2016, total credit card debt was $884.7 billion.

“Following the worst year for credit card debt since the Great Recession, we started 2017 with a $30.5 billion first-quarter paydown. But we borrowed it back and then some during Q2, racking up $33 billion in new debt,” WalletHub Senior Researcher Alina Comoreanu said in a news release.

Overall, WalletHub predicts consumers will have more than $60 billion in new credit card debt at the end of 2017, according to the news release.  Consumers added $87.2 billion in credit card debt in 2016, the most in one year since […]

By |September 18th, 2017|National News|Comments Off on Credit Card Debt Continues to Approach Post Recession Highs

 

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