|Received:||5/20/2006 3:17:36 PM|
|Subject:||Procedures to Enhance the Accuracy and Integrity of Information Furnished to Consumer Reporting Agencies|
|Title:||Advance Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Parts 660 and 661|
Comments:The Credit Reporting Agencies habitually refuse to remove items that the Collection Agencies and even the Original Credit cannot Validate. There is nothing in writing available to prove the existance of such a debt and certainly nothing that would be admissable in a court of law, yet, the CRA's continue to "Verify" the debt and refer the consumer to take issue with the reporting entity, not with them. While this may be within the letter of the FCRA, it is not within my interpretation of the intent. The CRA's should be held accoutable when a claimed debt by any party is not Validated with the proof necessary in a court of law and they continue to report it.