Consumer complaint received 2022-08-16
Company: WELLS FARGO & COMPANY
State: MA
Product: Debt collection
Sub-product: Other debt
Issue: Took or threatened to take negative or legal action
Sub-issue: Threatened or suggested your credit would be damaged

Complaint:
Account Number ending in : XXXX In response to Complaint # XXXX, see attachments ( Wells Fargos Response, Copy of debt validation letter, cease & desist, and FTC Report ). I have reasonable cause to believe that I have been extorted. 

Wells Fargo is engaging in unlawful extortion means by knowingly furnishing false and misleading information while having reasonable cause to believe the information is inaccurate. I have reason to believe this was done to coerce me to make payments of an alleged debt without proof of claim. I am aware that nothing under the Fair Credit Reporting Act REQUIRES a financial institution to furnish negative information to a consumer reporting agency. I DID NOT and I DO NOT consent to any negative information being disclosed to nonaffiliated third parties without my lawful authority. Wells Fargo and the consumer reporting agencies involved have used my nonpublic personal information without my lawful authority to bring harm to me and my financial reputation. Wells Fargo along with the help of the Consumer Reporting Agencies are knowingly an willingly committing aggravated identity theft to collect on an extension of credit and punish me for non-repayment thereof. This is a violation of 18 U.S. Code 1028A and 18 U.S. Code 894 and everyone involved shall be held criminally liable for engaging in racketeering activity. I would like Chief Executive Officer XXXX XXXX XXXX of Wells Fargo to provide me with any documentary material certifying that I gave my lawful consent for my nonpublic personal information to be disclosed to nonaffiliated third parties. If this documentary material can not be provided, this has been fraudulently furnished information, wit forethought and malice as a means of bringing harm to me and my financial reputation. 


Since we have confirmed the information we are reporting to this account is accurate and there was no bank error, we are unable to delete the account from your credit report XXXX XXXX. has certified that through this investigation, no wrongdoing was found. I would like to bring a few matters to your attention as you are now implicated in this matter. 


This account was opened XX/XX/XXXX, after your application for credit was submitted I am aware that I am the true beneficiary. Due to the fraud that has taken place since the consummation of this contract, I have reason to believe Wells Fargo has not acted in good faith and trust. Pursuant to the provisions of the Truth in Lending Act ( TILA ), 15 U.S. Code 1635, I hereby rescind this consumer credit transaction dated XX/XX/XXXX, due to fraud and violations of TILA, including but not limited to fraudulent use of credit cards. As you should know, my social security card is a credit card pursuant 15 U.S. Code 1602 ( l ). I revoke your power of attorney, which may have been used in connection with this transaction which includes any derivative, hypothecation, trades, transfers of possession, whether voluntary or involuntary involving any and every instrument which may have occurred unbeknownst to me. I demand a full revocation of such document ( s ) ; nunc pro tunc. This is my last and final attempt to address this matter before escalating this matter to a United States District Court and ensuring that everyone involved in this conspiracy is brought up on charges. 


Due to continued delinquency, this account was closed XX/XX/XXXX, and charged off XX/XX/XXXX. As a shareholder and the true beneficiary, this has been done without my lawful consent. I would like the name of everyone involved in this conspiracy against my rights. 


After review of your account payment history, we confirm that we are reporting this account accurately to the credit bureaus as Charged off ; Balance {$530.00}. and As a fair and responsible lender in accordance with Fair Credit Reporting Act ( FCRA ), we are required to report true history of each account. XXXX XXXX. has implicated the consumer reporting agencies into their unlawful collection activities thus proving they are knowingly and willingly engaging in aggravated identity theft and conspiring against me. I am aware that nothing under the Fair Credit Reporting Act requires negative information to be furnished to the consumer reporting agencies. I would love to take a look at this agreement that requires a financial institution to disclose my nonpublic personal information to nonaffiliated third parties without my lawful consent. I am also aware that according to the IRS, a charge off becomes gross or ordinary income. Income isnt supposed to be reported on consumer reports. 


Wells Fargo does not submit adjustment requests to the credit bureaus unless information being reported is verified as being inaccurate, or the information being reported is the result of a verified bank error. I have attempted to rectify this matter multiple times but due to the mutually beneficial business relationship Wells Fargo has with the consumer reporting agencies, I have reason to believe they are engaging in racketeering activity. Multiple verified responses have proven that the consumer reporting agencies arent being impartial when it comes to respecting my right to privacy. Their conspiracy against my rights is affecting my ability to operate in commerce. This is a violation of 15 U.S. Code 1. 


Cc : Corporations Implicated : Wells Fargo XXXX XXXX XXXX Individuals Implicated : XXXX XXXX, XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Chief XXXX XXXX XXXX XXXX XXXX of Wells Fargo XXXX XXXX XXXX XXXX XXXX of Wells Fargo Members of the Board Of Directors of Wells Fargo XXXX XXXX XXXX, XXXX XXXX XXXX Wells Fargo President and CEO XXXX XXXX XXXX of XXXX XXXX Vice President & Chief Financial Officer XXXX XXXX XXXX XXXX XXXX XXXX Vice President & Chief Operating Officer XXXX XXXX XXXX of XXXX XXXX Vice President & Chief Legal Officer XXXX XXXX of XXXX President XXXX XXXX of XXXX Chief Executive Officer XXXX XXXX of XXXX XXXX XXXX XXXX XXXX XXXX of XXXX Chief Operating OfficeXXXX XXXX XXXX of XXXX Group President for Consumer Information Services XXXX XXXX Chief Legal Officer XXXX XXXX of XXXX President XXXX XXXX of XXXX Chief Executive Officer XXXX XXXX XXXX of XXXX Corporate Vice President, Chief Financial Officer XXXX XXXX XXXX, XXXX of XXXX Chief Technology Officer XXXX XXXX of XXXX Chief Revenue OfficeXXXX XXXX XXXX XXXX of XXXX Corporate Vice President & Chief Legal Officer XXXX XXXX XXXX XXXX of XXXX Chief Information Security Officer XXXX XXXX of XXXX

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