Consumer complaint received 2023-05-04
Company: NAVY FEDERAL CREDIT UNION
State: SC
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Account status incorrect

Complaint:
This is my curtesy notice of a Billing Error- Since XX/XX/2022, there has been a billing error associated with account no. XXXX with financial institution NAVY FEDERAL CREDIT UNION. The billing error has occurred since the inception of the account defined in 12 CFR 1002.2, where I extended my credit. Pursuant to 15 U.S.C. 1666 ( b ), a creditor may not treat a payment on a credit card account under an open end consumer credit plan as late for any purpose. It can not be considered late because I am the one who extended the credit to NAVY FEDERAL CREDIT UNION through the credit application from my credit card defined in 15 U.S.C. 1602 ( m ). The application served as an asset, which satisfied the monthly obligation pursuant to 12 CFR 360.6 ( 2 ) as well as self-liquidating paper pursuant to 17 CFR 260.11b-6. To which NAVY FEDERAL CREDIT UNION has chosen to not apply the credit to the open end account. This is considered an unauthorized use since I have received NO BENEFIT and SECURITY FRAUD BY ILLEGAL ELECTRONIC FUNDS TRANSFER. 
Following this notice if said financial assets are not either returned to the referenced creditor/bailor/beneficiary via mail within Three ( 3 ) business days or accepted for its intended purpose within Three ( 3 ) business days of the receipt of this notice, an SEC complaint will be filed pursuant to 17 CFR 240.15c1-2 and 17 CFR 240.10b-5. As well as an IRS complaint for abusive tax schemes involving the SEC filed trust arrangement. 
In addition, I have noticed that NAVY FEDERAL CREDIT UNION have been redeeming the remittance coupons/ instrument as a non-cash item ( 12 CFR 210.2 ( k ) / ( 12 CFR 229.2 ( u ) ( 4 ). By Overall enforcement authority of Federal Trade Commission 15 U.S.C. 1691 ( c ), the creditors assume a criminal and civil liability pursuant to 15 U.S.C. 1693 ( m ) & ( n ). NAVY FEDERAL CREDIT UNION has violated my secured federally protected consumer and constitutional rights. 
I demand all credits be returned on all remittances/coupons at the inception of the accounts. Furthermore, the open-end consumer credit card ( 15 U.S.C. 1602 ( m ) ) that is on file with account no # XXXX and security instrument by the applicable law ( 15 U.S.C. 1602 ( j ) ) while choosing to make unauthorized electronic fund transfers ( 15 U.S.C. 1693f ( 1 ) ). Balance will be zeroed on a monthly basis via special deposit of the interest-bearing coupons associated on the itemization statement. 
This BILLING ERROR dispute is for past, current, and future certificates of indebtedness under this contract. They are to apply to my extension of credit as long as there is a contract that is in place. This is being brought about due to security fraud. The creditor has been given an asset and has chosen not to provide me with the benefit of it. We have a contract and there is no statue of limitation on security fraud. The Purchase money loan, which is a cash advance, and not a loan, was given to me in return for a Finance Charge pursuant to 16 CFR 433.1 and yet Navy Federal chose to send deceptive statements through the mail which is mail fraud also. 
The creditor has furnished deceptive forms. Provided negative statements to third party credit bureaus which is also a violation of the code of federal regulations and HR 4120. Attached to this complaint is a copy of the registered mail, RF 112 176 360 US, ATTENTIONED to the indentured trustee of Navy Federal Credit Union Dispute Center. Sent to the following address XXXX XXXX XXXX XXXX XXXX XXXX XXXX. Through telephone conversation on XXXX, around XXXX, the call are recorded, that is the address I was told to send billing error disputes. The indentured trustee is to be on the look for this correspondence.

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