Ok, I've read a million times that if an OC reports an account as charged off/transfered, sold, blah blah, and a CA adds a collection for the same report that this is completely legal and within the FCRA. However, a buddy of mine comes to me today stating that now the FTC has intervened. He claims that if a debt is charged off & sold that the original creditor cannot report the account any longer. This debate between him & I went on for about 30 minutes. Can someone please enlighten me on this? Also, if someone can provide specific reference in the FCRA where I can find the answer to educate myself and my friend, I'd greatly appreciate it.