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 Putting TRAC to Work |
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St. Mary's University, William and Mary Business Law Review |
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2015 |
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Courts Gone "Irrationally Biased" in Favor of the Federal Arbitration Act? Enforcing Arbitration Provisions in Standardized Applications and Marginalizing Consumer-Protection, Antidiscrimination, and States' Contract Laws
By Willy E. Rice
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In 2009, FDCPA litigation reached a new peak; the
new percentage was a 52 percent increase above the aggregate percentage for prior years. On the other hand, consumers still file truth in lending
lawsuits. In recent years, however, the rates have fallen.
“During May 2013 the government reported
only 16 new truth-in-lending civil filings. This followed only 26 such suits filed in April
and 14 suits begun during March, according to the case-by-case information analyzed by
the Transactional Records Access Clearinghouse (TRAC). Truth in lending lawsuits have
fallen 89 percent, down from the peak of 152 reached four years ago in May 2009.”.....[Citing TRAC research].
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Transactional Records Access Clearinghouse, Syracuse University
Copyright 2015
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