Consumer complaint received 2024-01-24
Product: Payday loan, title loan, personal loan, or advance loan — Personal line of credit
Issue: Getting a line of credit — 
Company: OneMain Finance Corporation (TX)

On XX/XX/2023 ; Governed by Uniform Commercial Code Articles 2 & 8 - I, the consumer, and natural person, was denied credit by ONEMAIN FINANCIAL when I applied for a consumer loan of $ XXXX in good faith. Yes, ONEMAIN FINANCIAL was given permissible purpose to access my credit profile, this I agree with. However, ONEMAIN FINANCIAL was also given an application ( reference # : XXXX ) of value by me, the consumer with my SSN & signature. Meaning ONEMAIN FINANCIAL has received a security from me & assumed security interest. But I, the consumer, received NO BENEFIT. I am aware that XXXX XXXX pools these applications ( securities ) together, denied or approved & then transfers ( sales ) them for additional profit. I did not give willful authorization for ONEMAIN FINANCIAL to assume security interest nor transfer the security for additional profit gain. This is proven by ONEMAIN FINANCIALS own XXXX XXXX filings form XXXX. 

The underwriters have willfully & knowingly violated my rights, so what factors did the underwriter lawfully base their decision on for this transaction? An adverse action against a consumer is AGAINST THE LAW according to the Equal Credit Opportunity Act which is codified in 12 CFR 1002 and is pursuant to civil liability under 15 U.S.C. 1681 ( o ). You are subject to criminal liability for violating 15 U.S.C 1691 as I have proof that I was discriminated against by ONEMAIN FINANCIAL due to the response I received. ONEMAIN FINANCIAL has also violated 15 U.S.C. 1681 ( m ). I will assert my rights as the consumer per 15 U.S.C. 1681 ( s ).

I was given an executive contact by the name of XXXX who reached out to me & persisted that there were no record of my application to be securitized since the application was electronically denied at the credit check point. As I calmly asked her to confirm her statement, the call was disconnected & XXXX has not cooperated since as of this complaint date. 
" The investigation and enforcement provisions of Title X of the Dodd-Frank Act may adversely affect our business if the CFPB or one or more state attorneys general or state regulators believe that we have violated any federal consumer financial protection laws, including the prohibition in Title X against unfair, deceptive or abusive acts or practices. The CFPB is authorized to conduct investigations to determine whether any person is engaging in, or has engaged in, conduct that violates federal consumer financial protection laws, and to initiate enforcement actions for such violations, regardless of its direct supervisory authority. Investigations may be conducted jointly with other regulators. The CFPB has the authority to impose monetary penalties for violations of federal consumer financial laws, require remediation of practices and pursue administrative proceedings or litigation for violations of federal consumer financial laws ( including the CFPBs own rules ). In these proceedings, the CFPB can obtain cease and desist orders ( which can include orders for restitution or rescission of contracts, as well as other kinds of affirmative relief ) and monetary penalties for violations of law, as well as reckless or knowing violations of federal consumer financial laws ( including the CFPBs own rules ). Also, the Dodd-Frank Act empowers state attorneys general and state regulators to bring civil actions against state-chartered companies, among others, for enforcement of the provisions of Title X of the Dodd-Frank Act, including CFPB regulations issued under Title X, and to secure remedies provided under Title X or other law. ''