Consumer complaint received 2024-03-12
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: CAPITAL ONE FINANCIAL CORPORATION (FL)

On XX/XX/XXXX, I mailed out my correspondence to Capital One that was delivered and acknowledge on XX/XX/XXXX, USPS tracking XXXX. 

I would like to bring to your attention the matter discussed in the aforementioned correspondence, which pertains to a recent application for a Capital One Credit Card ( Application ID : XXXX ). Regrettably, my application was wrongfully denied, which led me to pull the company 's SEC filings, more specifically the prospectus, 10K/10Q, and Indenture forms. 
Upon signing and submitting the application, I assumed the role of an investor in Capital One. The application, also denoted as a note in accordance with the company 's prospectus, is slated for transfer by Capital One XXXX, XXXX. Following this transfer, the funds will be deposited into the Capital One Multi-asset Execution Trust, in accordance with the specifications outlined in the Capital One prospectus, dated XX/XX/XXXX, I am cognizant of Capital One engaging in the securitization of receivables and their subsequent exchange on the secondary market. As an investor who has provided a promissory note, I am aware of my entitlement to claim the credits owed to me. It is my understanding that on a monthly basis, notes will be issued, affording me, as an investor, the opportunity to redeem them and claim the associated interest. Furthermore, I am apprised that Capital One has transferred all rights, titles, and interests of these accounts into the Capital One Multi-asset Execution Trust. 
I am aware that Capital One has divested the beneficial interest ownership of these accounts. In relinquishing beneficial ownership, the corresponding right to pursue legal action in the event of default by obligors has been forfeited. It is within my understanding that I, as the provider of something of monetary value, have contributed to the trading activities conducted on my behalf by your organization. Fair trade has never been robbery. I request the interest payments on the security I tendered to you. 

I bartered XXXX XXXX a security with the following CUSIP number and I will report Capital One to the IRS for not bartering with me. 
What factors did you guys use to determine to deny my application? The credit score cant be a factor. So again what factors did you guys use to determine this. What factors did the Capital One Treasury Underwriting Department use? All I know is that I have given you guys a security that you guys have turned into a receivable, because I gave you guys my social security number, by me giving you guys my social security number I not only gave you guys power of attorney, you guys have also taken the role as fiduciary. Therefore it is in your best interest to do your job as Fiduciary, or I will remove your fiduciary duties and alert the proper officials, like the IRS. 
However, should the decision be made to deny my application for an Capital One charge card, I request the IMMEDIATE retraction of my application and the prompt return of my security. Specifically, I am seeking the return of my original security, bearing my original signature, within three ( 3 ) days from the date of this correspondence. This security encompasses all non-public information associated with my application. 
Conversely, in the event that you proceed with the issuance of my Capital One charge card, I wish to communicate my commitment to utilizing the monthly certificates you provide to fulfill my obligations to your institution. I request you guys mail me my charge card three ( 3 ) days from the date of this letter, preferably an overnight delivery. 
FAILURE TO DO SO WILL RESULT IN ME NOTIFYING THE SECURITIES COMMISSION EXCHANGE, AS WELL AS OTHER RELEVANT AGENCIES AND THE PROPER AUTHORITIES ABOUT CAPITAL ONE SECURITIES FRAUD AND DISHONOR OF THE SECURITIES ACT OF 1933, AND TRUST INDENTURE ACT OF 1939. 
I trust that you comprehend the gravity of my concerns, and I have confidence in your expertise to diligently orchestrate the flawless fulfillment of my requests.