| Consumer Credit Civil Lawsuits Starting to Fall |
| (06 Nov 2012)
The latest available data from the federal courts show that during September 2012 the government reported 723 new consumer credit civil filings, according to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC).
This number is down 8.8 percent over the previous month, when the number of civil filings of this type totaled 793.
This year marks a drop in the volume of consumer credit suits after a period of steady increase since the start of the financial crisis. Consumer credit suits, which had averaged 268 per month during FY 2007, tripled to 819 during FY 2011. But for FY 2012, these filings are down 5.6 percent from the level seen in FY 2011. To read the full report, including a list of those districts in which lawsuits of this kind were filed with the greatest rates relative to population, go to: http://trac.syr.edu/tracreports/civil/298/Each month, TRAC offers a report focused on one area of civil litigation in the U.S. district courts. In addition, subscribers to the TRACFed data service can generate custom reports by district, office, nature of suit or federal jurisdiction. To start, go to: http://trac.syr.edu/interpreter?tab=civilTo keep up with TRAC, follow us on Twitter @tracreports or like us on Facebook: http://facebook.com/tracreportsTRAC is self-supporting and depends on foundation grants, individual contributions and subscription fees for the funding needed to obtain, analyze and publish the data we collect on the activities of the US Federal government. To help support TRAC's ongoing efforts, go to: http://trac.syr.edu/sponsor/ |
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