Nothing in the FCRA requires deletion of accounts of the creditor, or requires that they remain in a consumer's credit report, based on passage of time.
The FCRA, more specifically, sections 605(a) and (c), regulate the ability of a credit reporting agency to issue credit reports that contain adverse items of information after the dates listed. The exclusion only applies to the adverse item of information, not the account. It does not regulate how long a furnisher has to report adverse information, and does not preclude them from doing so after the credit report exclusion period. It is the responsibility of the CRAs to monitor reporting and ensure that adverse information is not included in their credit reports after the expiration date.
Collections are not accounts with the consumer, and are a bit different. They are, in and of themselves, and adverse item of information that stems from an account with the consumer, and thus expiration of the credit report exclusion period mandates exclusion of the collection.
Deletion of accounts after 10'ish years from closing is purely an administrative policy of the CRAs.
