Consumer complaint received 2024-09-19
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: Experian Information Solutions Inc. (NJ)

I am writing to follow up on my demand for arbitration and addressing Experian 's non-compliance with the arbitration agreement mandated under the XXXX XXXX XXXX 's ( XXXX ) Consumer Arbitration Rules and the Federal Arbitration Act ( XXXX ) ( 9 U.S.C. 1-16 ). To date, Experian has failed to engage in the arbitration process and comply with its contractual and legal obligations, necessitating immediate remedial action. Considering Experian 's continued failure to address my dispute, I am also notifying you of additional actions I am taking to protect my legal and financial interests. 1. Revocation of Power of Attorney ( POA ) Effective immediately, I hereby revoke any and all Power of Attorney ( POA ) that may have been granted, whether expressly or impliedly, to Experian, its agents, or any third parties acting on its behalf. Experian no longer has any authority to act on my behalf in any capacity, including but not limited to reporting, accessing, or otherwise managing any personal, financial, or credit-related information. Any further actions taken by Experian or its agents under the presumption of such authority will be considered unauthorized and a breach of federal consumer protection laws. 2. Filing of IRS Forms ( 1099-B and OID ) To ensure full compliance with tax laws and regulations, I am filing the following forms with the Internal Revenue Service ( IRS ) : Form 1099-B : This form reports proceeds from securities transactions that have been connected to the erroneous and unauthorized reporting of information on my credit profile. Any securities or financial transactions linked to my personal information and reported by Experian without my authorization will be documented and reported to the IRS. Form OID ( Original Issue Discount ) : I am also filing a Form OID with the IRS to address any potential income or financial instruments improperly reported or attributed to me by Experian. This filing will ensure that the IRS is made aware of any inaccuracies in reporting that could affect my tax liability. 3. Notification to the IRS and SEC In addition to the IRS filings mentioned above, I will be notifying both the Internal Revenue Service ( IRS ) and the Securities and Exchange Commission ( SEC ) of Experians reporting practices, including any improper or unauthorized financial reporting and possible violations of federal securities laws. The SEC will be asked to investigate whether Experians actions, including the sale or trading of any financial instruments connected to my personal or credit information, constitute a breach of federal securities regulations. Violations and Non-Compliance Experians refusal to comply with arbitration protocols under the XXXX  and its failure to address my consumer rights under the Fair Credit Reporting Act ( FCRA ) has created undue harm. The following are specific areas of violation : 1. Failure to Comply with XXXX Arbitration Rules : As Experian is bound by a mandatory arbitration agreement, your refusal to participate in the XXXX arbitration process constitutes a material breach of this agreement. 2. FCRA Violations : As outlined in my earlier letters and complaints filed with the Consumer Financial Protection Bureau ( CFPB ), Experian has engaged in multiple violations of the FCRA, including but not limited to : o 15 U.S.C. 1681b ( 2 ) : Unauthorized access to my credit report. o 15 U.S.C. 1681e ( b ) : Failure to follow reasonable procedures to ensure the accuracy of information reported. o 15 U.S.C. 1681s-2 : Furnishing inaccurate information and failing to correct or update such information. o 15 U.S.C. 1681b ( 3 ) : Improper use of consumer reports for adverse actions without proper notification. These violations have led to continued financial harm and have significantly impacted my creditworthiness and overall financial stability.