by Jeff Sovern
Here (behind paywall). Excerpt:
Court decisions tied to the 1968 law fell 18% year over year during a
12-month period that ended May 31, to 1,037, data from the National Consumer
Law Center shows. That number is down 38% from the peak two years earlier.
The pace of new litigation is also slowing. In May, plaintiffs filed 16
lawsuits in federal courts over alleged Truth in Lending violations, according
to TRAC Records, a research arm of Syracuse University. That was less than half
the lawsuits filed a year earlier and much lower than the 152 civil actions
filed in May 2009.
The article offers several speculations as to the causes of the drop, but doesn't mention arbitration clauses as one possible cause. I'm not sure why that possibility is omitted, given that a goal of arbitration clauses is to eliminate litigation, even though that goal is not always acknowledged.