Consumer complaint received 2023-05-23
Company: SCHOOLSFIRST FEDERAL CREDIT UNION
State: NV
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Improper use of your report
Sub-issue: Reporting company used your report improperly

Complaint:
According to the Fair Credit Reporting Act 15 USC 1681 section 602 a states " There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumers right to privacy. 
XXXX, XXXX and XXXX are consumer reporting agencies. Therefore I am the Consumer and have the right to make sure my private information isn't shared which is backed by 15 USC 6801 stating as follows : " It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers nonpublic personal information. '' ( Furnisher of information to credit agencies ) is a financial institution by that definition so under that title as well as 15 USC 1681 section 604 a section 2 states that In general Subject to subsection ( c ), any consumer reporting agency XXXX furnish a consumer report under the following circumstances and no other : in accordance with the written instructions of the consumer to whom it relates. 
( Furnisher of information to credit agencies ) the XXXX XXXX and the Consumer reporting agencies XXXX, XXXX and XXXX do not have my consent to furnish this information. They do not have my written consent. Any and all consent to XXXX, XXXX and XXXX ( Furnisher of information to credit agencies ) whether it be verbal, non-verbal, written, implied or otherwise is revoked for all past, present and future issues. 15 USC 6802 ( b ) ( c ) states that " A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless the consumer is given an explanation of how the consumer can exercise that nondisclosure option. '' and ( Furnisher of information to credit agencies ) never informed me of my right to exercise my nondisclosure option. Not to mention 15 USC 1681C ( a ) ( 5 ) states as follows : Except as authorized under subsection ( b ), no consumer reporting agency may make any consumer report containing any of the following items of information Any other adverse item of information, other than records of convictions of crimes which anteaters the report by more than XXXX years. This account is a negative item and is reporting again without my permission which is against the law. 
Furthermore 15 U.S. Code 1681s2 ( A ) ( 1 ) A states " A person shall not furnish any information relating to a consumer to any consumer reporting agency if the person knows or has reasonable cause to believe that the information is inaccurate. 15 U.S. Code 1681e states '' All consumer reporting agencies shall maintain reasonable procedures designed to avoid violations of section 1681c of this title and to limit the furnishing of consumer reports to the purposes listed under section 1681b of this title. XXXX, XXXX and XXXX are not maintaining reasonable procedures. 
Moreover XXXX XXXX  XXXX states that " A consumer may exercise the right to opt out at any time. '' To be CLEAR, I am opting out of your reporting services for all past, present and future occurrences. 
Furthermore this is securities fraud. Please familiarize yourself with the following : XXXX US code chapter XXXX subsection XXXX, XXXX XXXX XXXX entry and reports and transactions. Also look at subsection XXXX, fraud and related activity in confection with identification documents, authentication features and information. 

Another one to look into is the following : XXXX XXXX concealment of assets from conservator, receiver, or liquidating agent. 

Depending upon the response of this outcome, we will not hesitate to contact the SEC. 

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Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation