Consumer complaint received 2022-12-22
Company: CAPITAL ONE FINANCIAL CORPORATION
State: MD
Product: Vehicle loan or lease
Sub-product: Loan
Issue: Getting a loan or lease
Sub-issue: Credit denial

Complaint:
I went into XXXX XXXX XXXX  on XX/XX/2022 an applied for a credit for a vehicle in good faith an according to federal law it is says in 15 U.S. Code 1691 " activities constituting discrimination ; It shall be unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction because the applicant has in good faith exercised any right under this chapter and I was told that I was denied ''. Pursuant to federal law I know that credit is my right it says so in 15 USC 1602 ( f ) " The term credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment ''. I know that I am the consumer and the original creditor and I know that because it says in 12 U.S. Code 83 " No XXXX XXXX  shall make any loan or discount on the security of the shares of its own capital stock. '' It's also stated in 12 U.S. Code 1431 that banks duties are to borrow and give security and pay interest. " Each Federal Home Loan Bank shall have power, subject to rules and regulations prescribed by the Director, to borrow and give security therefor and to pay interest thereon, to issue debentures, bonds, or other obligations upon such terms and conditions as the Director may approve, and to do all things necessary for carrying out the provisions of this chapter and all things incident thereto. '' These are federal laws of congress so by the XXXX XXXX denying me access my own funds is a federal crime an I the consumer can hold the financial institution civilly and criminally liable. It's also unauthorized use and it constitutes fraud in 15 U.S. Code 1602 ( p ) '' The term unauthorized use, means a use of a credit card by a person other than the cardholder who does not have actual, implied, or apparent authority for such use and from which the cardholder receives no benefit. The device I used to obtain credit is my credit card according to 15 USC 1602 ( l ) " The term credit card means any card, plate, coupon book or other credit device existing for the purpose of obtaining money, property, labor, or services on credit. '' I know that the card belongs to SSA ( Social Security Administration ) an I the consumer am just a card holder 15 USC 1602 ( n ) " The term cardholder means any person to whom a credit card is issued or any person who has agreed with the card issuer to pay obligations arising from the issuance of a credit card to another person. '' I the consumer don't have any obligations to the card it is not my obligation to pay anything associated with my " credit card '' because the issuer of the card is the United States an it says in 18 U.S. Code 8 " The term obligation or other security of the United States includes all bonds, certificates of indebtedness, national bank currency , Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps. '' I, the applicant truly provided the money, transfer of funds money equivalent, credit, funds, capital, or thing of value to XXXX  XXXX, and they pursued to securitize it, in the Federal Reserve Act it states any Federal Reserve bank may make application to the local Federal Reserve agent for such amount of the Federal Reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal Reserve agent of collateral in amount equal to the sum of the Federal Reserve notes thus applied for and issued pursuant to such application. The Federal Reserve Act says the application is applying for the funds dollar for dollar so if banks cant give loans where is the money coming? The money is coming from my credit device when I apply for credit, there are no laws stating anything about needing a credit score or that I can be denied because of my credit score, it might be policy of XXXX XXXX but policy does not supersede Federal Law. Based on everything I've stated I know my consumer rights and by the financial institution denying me an extension of my own credit they are in direct violation of my rights as consumer and natural person an I will not hesitate to take action if these violations aren't made right, pursuant to 15 USC 1692k I can hold XXXX  XXXX civilly liable and criminally liable as it is stated 15 USC 1611 for all actual damages.

Company response to consumer: Closed with explanation