Consumer complaint received 2016-12-14
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: CA
Product: Bank account or service
Sub-product: Checking account
Issue: Account opening, closing, or management

Complaint:
In XX/XX/2013 I was in great standing with all of my banks and all bank accounts per bank. I had a wonderful ( and rare ) credit score of about XXXX and my financial life that I worked very hard to build was in excellent shape. In XX/XX/2013 I had a small issue and situation with one of my businesses where a partner wrote me a check where I then deposited into my account at Bank of America. The first and only check of its kind. I was much later ( months later ) notified of the issue and that the check was not good. I should have been warned on time to fix the situation but I was not due to whatever reason internally at BofA. The account was closed and then I was reported to both XXXX and XXXX. I was not only reported for a charged off account but I was also reported as " Suspected Fraud '' " Fraud on Account '' etc ... Immediately once I was aware of this issue - I resolved my account past due ( even though the account was closed ) and I did not owe the bank any more money from that point forward. The account went {$700.00} negative ( due to the check bouncing ) and I made it good brought the account to a XXXX balance immediately when notified. I tried to dispute this FRAUD REPORTING directly with BofA for the last 3+ years and directly with the financial agencies I was reported to ( XXXX and XXXX ). Never did it conclude in my favor and the disputes were rejected with unjustifiable reasons. Now it has been years ( XXXX almost ) and the words Bank of America ( wrongfully ) systematically used ( FRAUD ) on the reporting to both XXXX and XXXX have changed my life for the worst. The damages that have been done in result from their negligence and unethical practices can not be reversed. The direct harm done and punishment to victims of this situation is not yet made aware to the public or legal authorities. This case and situation should be escalated to the highest courts in the country because that is how serious my claims are and what I am a victim of. After considering the above, I am now aware of the fact that I am a victim of : Fraud/Malpractice, Negligence, and Emotional Distress - caused by BofA and in part by XXXX and XXXX for not thoroughly and lawfully investigating every reporting that comes in before flagging that person file/record - leading to a fraudulent claim on that consumers reputation and file. Legally, I can file a class action lawsuit or various types of lawsuits for a few things that BofA ( and XXXX and XXXX XXXX XXXX ) has unlawfully done to me personally and to other consumers. This has affected my life in such a way where it has caused XXXX, and my overall way of life has been completely diminished. I was a young, successful, happy, healthy man - I am currently XXXX XXXX. I now see XXXX, and I have extensive records to show that this overall situation I was a victim of was the trigger to this serious decline in my life. I have since sent them a final letter to settle my demands I requested of them ( demands that are both monetary and procedural revisions within their company ) and I recently got a denial letter back after months of considerations and communication with them. My last option is THIS - reporting to you guys in hopes of getting your help on this matter before I file a lawsuit against them. Thank you.

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