Product: Checking or savings account

Dear Consumer Financial Protection Bureau ( CFPB ), I am writing to formally escalate and challenge Wells Fargos denial of my claims regarding the {$1000.00} unauthorized transaction ( Claim XXXX ) and the {$70.00} chargeback dispute ( Claim XXXX ). Despite providing extensive supporting evidenceincluding transaction records, communication logs, and proof of interactions with the buyerWells Fargo 's investigation has disregarded key facts that substantiate fraudulent activity on my account. 

Furthermore, I recently received an email from Wells Fargo ( dated XX/XX/year> ), in which I was mistakenly addressed as XXXX XXXX. This error raises significant concerns regarding the thoroughness of Wells Fargos investigation. Addressing me by the wrong name strongly suggests that my case may not have been properly reviewed, casting doubt on the integrity of their findings and the overall attention to detail. 

{$1000.00} Unauthorized Transaction Key Observations : Upon reviewing the documentation Wells Fargo provided, I identified several inconsistencies and procedural gaps : Token Overreliance Without Context : Wells Fargos primary justification for denying this claim relies on the fact that the phone number linked to the digital token used in the transaction matches my registered number. However, digital wallet systems like XXXX XXXX are vulnerable to compromise. The mere presence of a token match does not rule out unauthorized use, identity theft, or access by unauthorized third parties. Overreliance on token verification without deeper analysis ignores the possibility of fraud through compromised credentials. 

Absence of Fraudulent Review Transparency : Wells Fargos investigation references tokenized transactions and approvals but lacks any transparent breakdown of fraud assessment methods. There is no indication that Wells Fargo considered the possibility of token-based fraud or unauthorized XXXX XXXX transactions, both of which are well-documented forms of financial fraud. 

Disregard for Critical Evidence and Internal Advice : During my initial contact regarding this fraudulent transaction, a Wells Fargo representative explicitly informed me that providing proof of ordering a new phone would strengthen my case. I followed their instructions and submitted this evidence. However, despite complying with Wells Fargos guidance, the evidence of a new phonedirectly linked to mitigating fraudulent useappears to have been disregarded. This discrepancy highlights an internal communication breakdown and a failure to integrate crucial evidence into the final decision. 

Lack of Behavioral Review or Purchase Pattern Analysis : A proper fraud investigation typically involves identifying anomalies in spending behavior. There is no mention of such an analysis in their documentation. The absence of a thorough review into unusual transaction patterns or outliers ignores key indicators of unauthorized activity.

{$70.00} Chargeback Dispute Critical Oversights : In the case of the {$70.00} chargeback, Wells Fargos review similarly failed to address significant evidence pointing to fraudulent buyer behavior : Failure to Address Contextual Evidence : I submitted comprehensive supporting documentation, including : Screenshots of the XXXX XXXX transaction. 
XXXX XXXX conversations confirming the buyers agreement to the purchase. 
Text message exchanges verifying the transaction. 
Proof that the buyer blocked me following the sale, clearly demonstrating fraudulent intent. 
Despite this overwhelming evidence, Wells Fargo disregarded the context of the dispute and instead relied solely on basic transaction authorization as justification for denial. This neglect of circumstantial proof raises concerns about the scope and objectivity of their fraud review process. 

Pattern of Dismissals Across Multiple Claims : It is alarming that Wells Fargo denied both the {$1000.00} and {$70.00} disputes using similar vague justifications, despite the submission of distinct, case-specific evidence for each claim. This signals a systemic issue within their fraud claim handling process rather than isolated procedural lapses. 

Gaps in Wells Fargos Investigation Approach : Inadequate Review of Token Compromise Risk : Wells Fargos investigation failed to account for the possibility of XXXXXXXX XXXX or token compromise. Modern financial fraud frequently involves unauthorized use of digital wallets, yet there is no indication that this was seriously evaluated. 

Failure to Address Both Complaints Thoroughly : The documentation provided primarily addresses the {$1000.00} claim, with minimal attention paid to the {$70.00} chargeback. This incomplete review neglects key components of my broader complaint. 

Lack of Event Timeline Analysis : Wells Fargos response lacks a clear analysis of the events leading up to the disputed transactions. A timeline-based review would reveal important context regarding fraudulent activity and highlight inconsistencies in transaction behavior.