Consumer complaint received 2022-06-13
Company: CAPITAL ONE FINANCIAL CORPORATION
State: NY
Product: Credit card or prepaid card
Sub-product: General-purpose credit card or charge card
Issue: Other features, terms, or problems
Sub-issue: Other problem

Complaint:
I, XXXX XXXX XXXX, consumer and of competent mind and age affirm  that this complaint is accurate and true to my belief. I have a credit card with capital one bank and I requested a limit increase on 2x occassions, on what I thought was an Open Credit Plan and was denied the increase. According to 12 CFR 1002.7 - Rules concerning extensions of credit ( a ) Individual accounts.Acreditorshall not refuse to grant an individualaccountto a creditworthyapplicanton the basis of sex, marital status, or any otherprohibited basis. I have in good faith electronically and verbally requested a higher limit as a consumer under my direction and authority. I was under the impression that I had a open end credit plan and the account did not have a limit. Pursuant to 15 usc 1602 ( j ) The terms open end credit plan and open end consumer credit plan mean a plan under which the creditor reasonably contemplates repeated transactions, which prescribes the terms of such transactions, and which provides for a finance charge which may be computed from time to time on the outstanding unpaid balance. A credit plan or open end consumer credit plan which is an open end credit plan or open end consumer credit plan within the meaning of the preceding sentence is an open end credit plan or open end consumer credit plan even if credit information is verified from time to time. My social security number, in which pursuant to 15 usc 1602L The term credit card means any card, plate, coupon book or othercreditdevice existing for the purpose of obtaining money, property, labor, or services on credit, and was denied. Additionally, according to 15 usc 1666d Whenever a credit balance in excess of {$1.00} is created in connection with a consumer credit transaction through ( 1 ) transmittal of funds to acreditorin excess of the total balance due on an account, ( 2 ) rebates of unearnedfinance chargesor insurance premiums, or ( 3 ) amounts otherwise owed to or held for the benefit of an obligor, thecreditorshall ( A ) credit the amount of the credit balance to the consumers account ; ( B ) refund any part of the amount of the remaining credit balance, upon request of the consumer ; and ( C ) make a good faith effort to refund to the consumer by cash, check, or money order any part of the amount of the credit balance remaining in the account for more than six months, except that no further action is required in any case in which the consumers current location is not known by thecreditorand can not be traced through the consumers last known address or telephone number. I had a balance that exceeded {$1.00} several times over the history of having this open-end credit plan opened. I have not received any disclosure separate from my billing statements 21 days before the statement date. According to the 12 USC 411 The said notes shall be obligations of the United States and shall be receivable by all national andmember banksand Federalreserve banksand for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States.The Secretary of the Treasury shall pay interest due or accrued on the public debt. Also 31 usc 3123 ( b ) As the Secretary considers expedient, the Secretary may pay in advance interest on the public debt by a period of not more than one year, with or without a rebate of interest on the coupons. Capital One has created the false believe that Affiant/Consumer is obligated to pay this debt using Federal Reserve Notes or Floating Rate Notes, which is false and is considered extortion under 18 usc 1961 . The United States is obligated to tender payment pursuant to 18 usc 8 and it is Federal Law that when my credit cardsocial security number was used, it fully funds my account.

Company response to consumer: Closed with explanation