Sunday, January 23, 2005

Alphabet soup

CREDITWRENCH CEO Bill Bauer was kind enough today to provide further evidence that his prior statement indicating the GBLA defines credit bureaus or 3rd party collectors was false and misleading. According to the information provided to me by CREDITWRENCH CEO Bill Bauer, credit bureaus are defined by the Federal Reserve Boards regulation Y.

Third party debt collectors are clearly defined in the FDCPA.

By evidence he provided, CREDITWRENCH'S previous statement that the GLBA mandates that companies such as chexsystems are both credit bureaus and 3rd party collectors, was false and misleading.





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