Consumer complaint received 2023-10-11
Company: CAPITAL ONE FINANCIAL CORPORATION
State: DE
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Getting a loan or lease
Sub-issue: Credit denial

Complaint:
I applied for credit card for myself and my business. And I was denied credit to the fullest extent of the law. Capital One, has broken the law by committing Wire Fraud! My social security number was used and my credit has been damaged do to my credit scores dropping tremendously. According to the law, Adverse Action 15 USC 1681 ( d ) ( 6 ) - is the law that they need to read. 

ACCORDING TO THE LAW ... CAPITAL ONE ISN'T ABOVE THE LAW... 
also referenced by congress as a credit card, pursuant 15 USC 1602 ( l ) The term credit card means any card, plate, coupon book or other credit device existing for the purpose of obtaining money, property, labor, or services on credit. '' The purpose of this consumer credit transaction was to obtain a credit card, I was denied access to my open-ended credit. 

As a consumer, natural person, and original creditor I have an open-ended credit plan, it is unlawful to deny me of my own credit. I am requesting that your department reassess my consumer credit transaction/application and approve my application. Denying me access to my open-ended is unlawful and goes against congressional law, which makes your organization civilly liable for non-compliance pursuant 15 USC 1681o , 15 USC 1640, 15 USC 1691e . 

Furthermore, pursuant to 15 USC 1691 ( a ) - Activities constituting discrimination, do so state " It shall be unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction '' A denial of my open-ended consumer credit constitutes to discrimination. 
Pursuant 12 USC 1431 Powers and Duties of Banks and Credit Unions have power to borrow money, issue bonds and debentures, therefore you are unable to lend a consumer, natural person, and original creditor anything. 

Again, I am requesting a line of credit card of {$3500.00} worth of credit-that I can not be denied, because Capital One operates in COMMERCE, under the United States of America XXXX 

I have attached links to congressional law for reference. 
https : XXXX XXXX XXXX XXXX XXXX : XXXX XXXX XXXX XXXX XXXX : XXXX XXXX XXXX XXXX : XXXX XXXX XXXX XXXX https : XXXX XXXX XXXX XXXX XXXX : XXXX XXXX XXXX XXXX The Consumer Financial Protection Bureau has issued regulations under ECOA XXXX These regulations, known as Regulation B, provide the substantive and procedural framework for fair lending. 

Because the Department 's authority to prosecute matters extends only to those instances of a pattern or practice of discrimination on a prohibited basis, individuals who believe that they are the victims of unfair discrimination in a credit transaction should contact the appropriate regulatory agency. The agencies and the types of creditors that they regulate for purposes of compliance with ECOA are as follows : Consumer Financial Protection Bureau [ CFPB ] : Banks, savings associations, and credit unions with total assets of over {$10.00} XXXX and their affiliates. Also shares enforcement authority with the Federal Trade Commission over mortgage brokers, mortgage originators, mortgage servicers, lenders offering private educational loans, and payday lenders regardless of size. 

Comptroller of Currency [ OCC ] : National banks, Federal savings associations and Federal branches/agencies of foreign banks with total assets of under {$10.00} XXXX ( the words " National '' or " Federal '' or the initials " N.A. '' or " F.S.B. '' appear in or after the bank 's name ). 

Federal Reserve Board [ FRB ] : Financial institutions with total assets of under {$10.00} XXXX that are members of the Federal Reserve System, except national banks and federal branches/agencies of foreign banks. 

Federal Deposit Insurance Corporation [ FDIC ] : State chartered banks with total assets of under {$10.00} XXXX that are not members of the Federal Reserve System. 

National Credit Union Association [ NCUA ] : Federal credit unions ( the words " Federal credit union '' appear in the institution 's name ) .

Federal Trade Commission [ FTC ] : Retailers , finance companies, creditors that are not exclusively assigned to another agency. 

16 CFR 433.2 ( a ) - The right as a debtor to invoke any claim and defense against any seller creditor of goods and services in connection with a consumer credit transaction. 
1692 ( a ) - Consumer has a right to privacy 1681 ( b ) - CRAs must follow reasonable procedures. Must be fair and equitable to the consumer. 

So now my social will be used in trading... Now my credit report is being hit and have taken a drop due to FRAUD. 

So, I am also putting Capital One on notice for the Attorney General due to fraud, discrimination, wire fraud and all of the above ....

Company response to consumer: Closed with explanation