Fair Credit Reporting Act (FCRA) lawsuit filings by consumers continued their upward trend throughout 2021 with a 12.8 percent increase in December 2021 compared to November 2021, as well as a 3.5 percent increase for the full year of 2021 from 2020, according to a year-in-review report by WebRecon LLC.
WebRecon reported on the overall statistics for FCRA consumer litigation throughout 2021 and found that 459 FCRA cases were filed in December 2021 compared to 407 FCRA cases filed in November 2021, while 5,406 FCRA cases were filed in 2021 compared to 5,224 FCRA cases filed in 2020.
In addition, putative class action lawsuits represented 2.6 percent of the FCRA lawsuits filed in December 2021, as 12 FCRA class action lawsuits were filed out of a total of 459 FCRA lawsuits filed during the month. The WebRecon report is at https://webrecon.com/fcra-leads-the-way-webrecon-stats-for-dec-2021-year-in-review/.
The increase in FCRA consumer litigation filings emphasizes the need for companies that fall within the scope of the law – such as employers that use consumer reporting agencies (CRAs) to perform background checks on job applicants for employment purposes – to review and implement compliance measures.
Enacted in 1970, the FCRA promotes the accuracy, fairness, and privacy of consumer information contained in the files of CRAs and protects consumers from the willful and negligent inclusion of inaccurate information in their credit reports. The FCRA also regulates the...
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