Consumer complaint received 2024-04-11
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: DISCOVER BANK (LA)

DISCOVER has been and is currently violating my Fifth Amendment Rights when they closed and made my account ending in XXXX, inaccessible to me, since XXXX of XXXX. No one shall be deprived of life, liberty, or PROPERTY without due process of law. Property can not be taken without just compensation. Property can not be taken without an official court order. Property can not be taken without a trial by jury. This account is displaying as " closed '' to the actual holder in due course and entitled beneficial owner of these accounts and consumer contracts, yet on the private side ( off-ledger book entry ), securities are still being transferred and traded in my trust account name, XXXX XXXX . 15 USC 1666 ( b ) Timing of Payments says, a creditor may not treat a payment on any open-end credit plan, late for any purpose. 
This has either been done by fraud, or by mistake, as I have already tried to resolve this issue with DISCOVER. I did not authorize these accounts to be closed or inaccessible to me, therefore I require and demand these accounts to be reopened to me, for my beneficial purpose. A notice of claims was sent to DISCOVER, with correspondence of me being aware of my open-end credit plan, claims to my percentage of any securities, proceeds, and insurances, that lawfully belong to me, that are currently being transferred and traded on primary and secondary markets. DISCOVER also received registered securities on XX/XX/XXXX ( which they acknowledged recieving in a letter, as they refused my tender by special deposit ) for any and all collateral debt obligations along with this correspondence, as well as, the initial application/promissory note/certificate of indebtedness, which was securitized by this company, where they received a XXXX  and engaged in trading activities, which also made me an investor and the beneficiary owner of these accounts according to their own SEC filings ( XXXX XXXX etc. ). I also requested that all unlawful funds ( FRNs  ) that were mistakenly paid to them by me, from the inception of these accounts be returned and reimbursed immediately to my payment account or by check to my trust name, as I now realize the implications of the 1933 emergency banking act, XXXX Public Law XXXX, etc., that I am not supposed to and can not pay a debt with a debt, that FRNs are not lawful money, and I would like to always remain in honor. I also have asked for documentary evidence that I owe any debt on these accounts. They are also violating their own arbitration clause that says, any adverse action shall result in arbitration first, by closing or making these accounts inaccessible to me. If DISCOVER believed this full tender of payment to be disputed, this will be considered a billing error 15 USC 1666, and specifically 15 USC 1666 ( a ) No adverse action allowed until the matter is resolved. Also by DISCOVER receiving a registered security 1 ) not crediting the account, and 2 ) falsely reporting as if they did not receivea full payment would also be a billing error. Other violations would be in current SEC filings and Security Agreements according to the Security Exchange Act 1934, and Trust Indenture Act 1939. On the investors statements that DISCOVER sends to me, I am supposed to receive all positive dividends as soon as they are received on my behalf ( 15 USC 1666 ( c ) ), via Electronic Funds Transfer Act. Any balance excess of {$1.00} on the statement, belongs to me ( as also stated on their card member agreement ) and has not been credited to my account, yet the law says it should be done immediately via Electronic Funds Transfer Act. The US Treasury says that the coupon is a positive interest dividend payment check. This would also constitute securities fraud. The Social Security Administration site says I should only provide my social security # to government agencies, yet DISCOVER required me to provide them with this information to access my trust account, which is also a violation of policy and identity theft. Also seems to be language fraud in YOUR agreements, to investors/clients, as well as their agreements with the SEC. I have also asked DISCOVER to provide me with proof that this account is indeed closed by providing me with a full audit trail as this XXXX  appears within the XXXX XXXX, as authorized by GAAP.Below are terms of use : Account- A written list of transactions, noting money owed and money paid; statement of mutual demands arising out of a contract or fiduciary relationship. 
Open-Ended Consumer Credit Plan- is one that consists of more than XXXX installments. 
Equity Cheque ( Check ) - Is an investors own money used to fund a buyout.