Welcome to RegulationRoom, TomU. In your experience, are collectors re-filing debts that are already past the Fair Credit Reporting Act limit for retaining them on a credit report (generally, 7 years)? If so, do you have ideas for how new federal rules might handle this problem-- or is that problem that existing law against unfair or abusive practices aren’t being enforced?
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Welcome to RegulationRoom, TomU. In your experience, are collectors re-filing debts that are already past the Fair Credit Reporting Act limit for retaining them on a credit report (generally, 7 years)? If so, do you have ideas for how new federal rules might handle this problem-- or is that problem that existing law against unfair or abusive practices aren’t being enforced?
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