House Financial Services Committee http://financialservices.house.gov/
The CRA (Credit Reporting Agency/Bureaus).
The FTC (Federal Trade Commission).
Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.
No, a collection agency cannot remove debt from your credit report. Only the credit bureaus or the original creditor can remove the debt from your credit report.
There are 3 credit bureaus
the answer to studyisland is Federal Reserve Board
The collection agency typically does not report to the credit bureaus, the original lender does. Lenders report to the bureaus, collection agencies collect on delinquent debt.
By federal mandate, the credit reporting agency must NOT report you to the credit bureaus until 30 days past the date of the letter sent to you.
My understanding is that bureaus update monthly. It can take 30 days from that date as well. If the reporting agency sends the update, on July 8, 2008, the agency receives and updates the credit file July 31, 2008, but the change may not show up until August 31, 2008.
No, the IRS does not report taxpayer information to credit bureaus.
Yes, unpaid medical bills will be reported to credit bureaus not to mention the collection agency that the medical facility will pursue.
Credit bureaus update at the beginning of every month.