Thursday, March 15, 2012

Data show surge in consumer cases in fiscal 2009

The number of new cases in federal courts related to consumer issues surged in the year ended last Sept. 30 as Americans battered by the recession fought foreclosures and downgraded debt ratings, data released Tuesday show.

The statistics were compiled by the Administrative Office of the U.S. Courts, which keeps track of the workload of federal courts. They showed that cases filed by individuals or state regulators under two federal laws, the Fair Credit Reporting Act and the Fair Debt Collection Practices Act, jumped 53 percent in fiscal 2009 _ to 6,463 from 4,239 the previous year.

Many lawsuits have been filed against credit reporting agencies, which …

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