Consumer complaint received 2023-05-24
Company: CAINE & WEINER COMPANY, INC.
State: OK
Product: Credit reporting, credit repair services, or other personal consumer reports
Sub-product: Credit reporting
Issue: Incorrect information on your report
Sub-issue: Information is missing that should be on the report

Complaint:
XXXXXXXX XXXX XXXX  are reporting progressive insurance as a creditor on my consumer reports with all bureaus. Progressive insurance does offer credit and if they do please adhere to the following to validate and verify this acct. Id also like to see your chain of custody on this account, id like a copy of Your {$10000.00} bond on file with the secretary of the state of Texas as required in section 301 of the Texas fdcpa. A wet signature on my name stating I opened a line of credit with progressive insurance. Progressive inditements is not a bank ice never entered into contact with them and if this is immediately removed I will consult legal council to sue this company and is officers and board members for money, and for fraud XX/XX/XXXX Dear Sir or Madam : It has come to my attention after reading a publication titled XXXX XXXX XXXX published by the XXXX XXXX XXXX XXXX XXXX that this bank and other banks within the Federal Reserve System may be perpetrating a fraud on the American public. I have some questions which need to be answered before I continue to make payments on or use my Bank credit card. My account number is ( listed below ). 
The following are my questions : l. Was an individual depositor 's money deposit used in order to pay the vendors when I made charges to my account? 
2. Was the money that was loaned created by my signing of the voucher when I made the purchase? 
3. Is it your Bank policy to create checkbook money in amounts equal to the charges made by Bank customers?

4. Does this Bank have on file a contract signed by me with a bona fide signature?

5. Will your Bank provide a copy of the journal entry that is made when I charge to my account?

Please answer these questions within ten ( 1O ) days so that I am not late in making my payment. If I do not hear from you, I will assume that what I have learned is the truth and will, therefore, rescind my contract with ( Name ) Bank, as I do not wish to be a party to fraudulent practices, Thanking you in advance for your cooperation, I look forward to your immediate response to this most disturbing revelation. My hope is that you can dispel my fears and refute this troubling circumstance in which we find ourselves. 
When applying for my credit card I was under the impression that the credit card company would be loaning me depositors money which it received from depositors or investors I found case law published by the XXXX XXXX XXXX XXXX XXXXXXXX that the credit card company created money that I borrowed by using that's OK you generated computer interest to my account using the longest credit and to take creating money out of thin air and none of my transactions did any officer or employee notified me that the bank creates money out of thin air by journal entry after discovering this Im prepared to proceed against your company for bank fraud the banks transactions relating to me like 2 months to make a valid contract you have to be aware of the following USC 32 section 24 paragraph 7 confers upon a bank the power to lend its money and not credit and First National Bank of tallapoosa versus Monroe 135GA614 ; 69SE 1123 ( 1191 ) The court stated the provision referred to does not give power to a bank to guarantee the payment of obligations of others solely for their benefit and no such power incidental and the business of banking the banking and its own money not credit also see how would enforcer Co versus citizens National Bank of union, 133S.C. 202 ; 130S.E. 758 ( 1927 ) The credit card company did not notify me that it created money by journal entry defined as bank credit to do so would have disclosed that there was no consideration from the bank or the credit card company to meet it has been shattered beyond controversy by the court that a National Bank under federal law being limited to its power and capacity can not lend its credit by guaranteeing the debt of another all such contracts and you're into by its officers or ultra the IRES and not binding upon the corporation also see merchants Bank of Valdosta versus Bayer 160 F 642 ; 17 LNS 526 ( 1876 ) A lawful consideration must exist and be tendered to support the note also see anheuser Busch Brewing Company versus Emma Mason 44Min 318, 46NW558 ( 1890 ) if there is no full disclosure and there is no consideration then there is no contract. 
Sincerely, XXXX XXXX XXXX XXXX XXXX XXXX XXXX Texas XXXX

Company response to consumer: Closed with explanation