I know there is no actual record retention requirement but what would you consider a "best practice" when it comes to retaining the monthly files sent to the credit bureau? We currently retain 3 months but we are evaluating whether we should keep them longer. Has anyone received any advice on this or do you have any info to share?

Thank you

Sec. 618. Jurisdiction of courts; limitation of actions

An action to enforce any liability created under this title may be brought in any appropriate United States district court, without regard to the amount in controversy, or in any other court of competent jurisdiction, not later than the earlier of (1) 2 years after the date of discovery by the plaintiff of the violation that is the basis for such liability; or (2) 5 years after the date on which the violation that is the basis for such liability occurs.

Thank you! This is great information!