Consumer complaint received 2023-12-15
Company: DISCOVER BANK
State: MO
Product: Credit card
Sub-product: General-purpose credit card or charge card
Issue: Trouble using your card
Sub-issue: Credit card company won't increase or decrease your credit limit

Complaint:
I realized XX/XX/XXXXXXXX  that my credit limit went from {$13000.00} to {$1200.00} unilaterally with no disclosure before hand, as per the provisions of the Truth in Lending Act ( TILA ) and to also assert that there has been a Violation of Equal Credit Opportunity Act ( ECOA ) and Consumer Credit Protection Act ( CCPA ), Discover Bank had no lawful right to unilaterally reduced my Extension of credit of {$13000.00} to {$1200.00}, Which is a substantial injury to me by interrupting commerce and causing a harm to my livelihood as I am the original creditor to these agreements as my consumer credit was utilized and extended to open this account. 
In accordance with the FDIC Laws and Regulations, I assert there has been a Violation of TILA, FCRA, ECOA, CCPA and Rule 10b-5, promulgated under the Securities Exchange Act of 1934.

- Violation 15 USC 1637 ( I ) ( 2 ) In the case of any credit card account under an open-end consumer credit plan, a creditor shall provide a written notice of any significant change, as determined by rule of the Bureau, between the creditor and the obligor, not later than 45 days prior to the effective date of the change. 
- Violation 1031 ( a ) and 1036 ( a ) ( 1 ) ( B ) of the CFPA An act or practice is unfair when it causes or likely to cause substantial injury to a consumer which can not be reasonably avoided Violation 16 CFR sec 433.1 -Colorable Contract- a contract that seems to be genuine but is not, due to the accepting of taking XXXX XXXX XXXX XXXX originally utilized my collateral security ( The Application ) to pay for the services. 
Which was Financed. ( 15 USC 1605 ( A ) Finance charge defined Except as otherwise provided in this section, the amount of the finance charge in connection with any consumer credit transaction shall be determined as the sum of all charges, payable directly or indirectly by the person to whom the credit is extended, and imposed directly or indirectly by the creditor as an incident to the extension of credit. 
- Violation 15 USC 1681 ( D ) ( 6 ) a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested, shall be disclosed to consumers Within thirty days prior to making changes. 
Violation 15 USC 1692J ( A ) It is unlawful to design, compile, and furnish any form knowing that such form would be used to create the false belief in a consumer that a person other than the creditor of such consumer is participating in the collection of or in an attempt to collect a debt such consumer allegedly owes such creditor, when in fact such person is not so participating. 
- Violation 15 USC 1691 ( D ) ( 6 ) the term adverse action means a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested. Such term does not include a refusal to extend additional credit under an existing credit arrangement where the applicant is delinquent or otherwise in default, or where such additional credit would exceed a previously established credit limit.

Company response to consumer: Closed with explanation