Consumer complaint received 2024-01-24
Company: BARCLAYS BANK DELAWARE
State: NJ
Product: Credit card
Sub-product: General-purpose credit card or charge card
Issue: Closing your account
Sub-issue: Company closed your account

Complaint:
Attn : Barclays Bank Delaware ; Office of the President : To Whom It May Concern, I am in receipt of your correspondence dated XX/XX/XXXX in which you failed to address and properly investigate a complaint against your corporation specifically regarding the mishandling of securities and potential securities fraud. On XX/XX/XXXX, You, Barclays Bank Delaware, hereinafter ( " Barclays '' ) was issued a financial asset via electronic chattel paper by the Applicant in the form of a credit application XXXX, Message XXXX ( consumer credit transaction ), which Barclays used, without giving valuable consideration to open and establish a Barclaycard XXXX with XXXX XXXX account that was later transitioned and converted to a Barclays XXXX XXXX, which as the Authorized Representative/Agent and Beneficiary with beneficial interest of the Legal Entity/Principal to the account, am entitled to the rights, titles, interest and equity accrued due to the entitlement holder and beneficial/registered owner. Pursuant to Barclay 's Monthly Servicer Certificate/Statement and Form of 2023-2 Indenture Supplement filed with the Securities and Exchange Commission , and per Barclays Director/Treasurer, XXXX XXXX, Barclays Bank Delaware as Servicer, Barclays XXXX XXXX XXXX as Transferor/Depositor , Barclays XXXX XXXX XXXX as Issuer and XXXX XXXX XXXX XXXX XXXX XXXX XXXX as XXXX XXXX XXXX collectively have certified the pledging and conveyance of the accounts receivables/asset backed securities ( commercial/chattel paper ) as collateral to third-party investors as a primary means for Barclays to raise capital to which I have not received just compensation, equitable compensation, interest or benefit from despite my involvement. Furthermore, Barclays is erroneously reporting deceptive and harmful information, resulting in a defamation of character to the consumer reporting agencies making false claims and allegations of the account being owed, past due and in a charged-off status. I would like to inform Barclays that the account is federally protected, backed by full faith and credit of the United States and insured up to XXXX USD by the FDIC in the event the account was to ever go into " default. '' If there are any FDIC insurance claims filed and received on behalf of the Principal 's account by Barclays, or any IRS 1099-A or 1099-C tax forms filed without the Prinipal/Agent 's knowledge, consent or authorization, Barclays will certainly be held to the highest extent of the law for making such claims to unjustly enrich themselves and I lawfully demand the request and receipt of such documentation. I refuse to be extorted by Barclays in any attempt to request or expect any further payment pertaining to the Barclays XXXX XXXX account. Lawfully, a contract of adhesion is biased, unilateral, unethical and unenforceable in the court of law, the XXXX XXXX XXXX in Delaware specifically. Additionally, per XXXX XXXX, XXXX XXXX XXXX  XXXX XXXX XXXX XXXX at XXXX University and XXXX XXXX XXXX, XXXX  and the XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, state that U.S. Treasury securities are direct obligations of the U.S. Government issued by the Department of the Treasury. They are backed by the full faith and credit of the U.S. Government and therefore are considered to be free of credit risk. To further confirm incontestable proof and validity, please refer to Title 31 U.S. Code 3123 ( a ) ( b ) ( c ) for verification. Lastly, and for the record, the credit/funds " loaned '' were and always have been credit/funds issued by the Principal/Authorized Representative/Agent via a consumer credit transaction for personal , family and household purposes backed by the Truth In Lending Act. In light of the foregoing, I am no longer obligated to make any payments to this account. I also demand the legal right to the equitable portion of interest accrued and/or the FDIC insurance claim payment if applicable. Please provide me with written confirmation immediately stating that you have released the Principal from all liability for this account. Also confirm that the Principal will receive their full equitable portion of the FDIC insurance payment without any further delay. Please treat this matter with utmost urgency and take immediate action to rectify these bad faith and unwarranted acts by Barclays.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation