Wednesday, February 02, 2005
CREDITWRENCH and the FCRA Part II
In advice to a poster regarding a collection agency reaging an account, and date of last activity for reporting purposes under the Fair Credit Reporting Act (FCRA), CREDITWRENCH CEO Bill Bauer made the following statement:
"That is a date set in stone by Congress and may not be changed for any reason whatever. If they do they got a big lawsuit coming."
However, today CREDITWRENCH CEO Bill Bauer, publicly admitted he knows nothing about the FCRA.
Two issues here. 1) Advising someone they have legal grounds on which to base a lawsuit constitutes unlicensed practice of law. 2)He's giving advice on the FCRA which he now admittedly knows nothing about.
