Hope this is true and happens soon:
"Bank of America promised to go further, agreeing to fundamentally change the way the bank reports all the stale debts that are sold to financial firms. For all credit-card debts sold since May 2007, court records show, the bank will remove any marks on consumers’ credit reports."
@crrredit wrote:Hope this is true and happens soon:
"Bank of America promised to go further, agreeing to fundamentally change the way the bank reports all the stale debts that are sold to financial firms. For all credit-card debts sold since May 2007, court records show, the bank will remove any marks on consumers’ credit reports."
Of course, Chase wouldn't agree to do the same. 
I imagine if one does it, they'll all fall in line. There's mention later in the article of Citi going along with what Chase and BOA agreed to, but I'm not sure what the article is exactly referring to at that point.