Consumer complaint received 2025-05-04 00:00:00
Product: Vehicle loan or lease — Lease
Issue: Managing the loan or lease — Billing problem
Company: HYUNDAI CAPITAL AMERICA
State: FL

Complaint narrative:
I. Summary of Complaint I am filing this formal complaint to report serious and coordinated violations of federal securities laws, fiduciary duties, and potentially criminal conduct under XXXX statutes involving Hyundai Capital America ( HCA ), XXXX XXXX, and their affiliated entities. This includes but is not limited to : * Securities XXXX XXXX of XXXX * Trust Indenture Act of XXXX * Uniform Commercial Code ( UCC ) XXXX and XXXX * 17 CFR 230.425 ( Failure to provide proxy disclosure ) * Federal Reserve Act, Section 29 * Bank fraud, concealment of assets, money laundering, and tax evasion II. Summary of Key Entities and Instruments Involved * Hyundai Capital America ( XXXXXXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX & XXXX * XXXX XXXX XXXX XXXX XXXX XXXX XXXX * XXXX XXXX. ( as Indenture Trustee ) I entered into an auto lease with XXXX, which was securitized without full disclosure and monetized through a layered network of affiliated entities. 
XXXX. XXXX XXXX XXXX XXXX Violations On XX/XX/XXXX, I sent a negotiable instrument in the amount of {$15000.00} to XXXX XXXX, acting as indenture trustee, to settle the alleged lease obligation for the next 17 months. 

* Tracking Number : XXXX * Delivered on : XX/XX/XXXX, at XXXXXXXX XXXX 
The instrument qualifies as legal tender under Article 3 of the UCC and meets all characteristics of a negotiable instrument, as no language made it non-negotiable. However : * My tender was dishonored, not credited, and possibly destroyed or fraudulently retained.

* These actions constitute violations of : * UCC 3-603 ( Discharge of obligation by tender ) * UCC 3-604 ( Wrongful handling of the instrument ) This was a good faith effort to settle the matter prior to escalation to arbitration or equity court. As a result of the dishonor and fraudulent retention, I will not tender any further payments to Hyundai, XXXX, or their affiliates. 

IV. Securities Fraud and Concealment of Payment The note ( auto lease ) was sold by HCA to Hyundai XXXX XXXX XXXX, which then deposited the note as cash under XXXX XXXX. 
1813 ( I ) ( 1 ) -monetizing it and funneling proceeds into Hyundai Auto Lease Receivables Trust 2025-A, effectively satisfying the original obligation. 
SEC Form 8-K and related filings reveal that Hyundai monetized and transferred these notes while failing to disclose to me-despite my right to receive a proxy statement under 17 CFR 230.425.

* I never received this required disclosure and only recently obtained the full proxy statement. 
* Upon review, I discovered a pattern of concealment and fraudulent transfers designed to : * Obscure true ownership * Limit liability * Create the illusion of outstanding debt post-monetization These actions violate the Securities XXXX XXXX of XXXX, the Trust Indenture Act of XXXX, and deprive me of my investor and consumer protections. 
XXXX XXXX  's Role and Federal Reserve Act Violations XXXX, as trustee and Federal Reserve member bank, is complicit by : * Administering fraudulent trust activity * Receiving and dishonoring a valid negotiable instrument * Participating in asset concealment and potential tax evasion Under Section 29 of the Federal Reserve Act, I reserve the right to seek damages in accordance with : * Tier XXXX : $ XXXX for violations of Sections XXXX, XXXX, or XXXX * Tier XXXX : $ XXXX for continued failure to act after notice Tier XXXX : $ XXXX or 1 % of assets per violation VI. Request for Regulatory Action and Relief I am requesting the CFPB to : XXXX. Investigate Hyundai, XXXX, and related trusts/entities for : * Securities law violations * Fiduciary misconduct * XXXX and financial fraud XXXX. Require full accounting and disclosure of : * The monetization of my lease * The disposition of the {$15000.00} negotiable instrument * The structure and current status of XXXX XXXX. Prohibit any further adverse collection or reporting actions against me. 


4. Refer the matter to appropriate federal and state authorities for criminal investigation and enforcement. 
Attachments Available Upon Request * Registered mail receipt and delivery confirmation ( XXXX ) * Notice of Default * Revocation of Power of Attorney * SEC filings ( Form XXXX, prospectus ) * Auto lease agreement * Pre-arbitration notice * Social security number and passport for identification purposes There is also false reporting of this account on my consumer report for experian, transunion and equifax. KIA finance a subsidiary of Hyundai Capital America has reported derogatory remarks on my account such as 90 days past due which is false and inaccurate reporting and a violation of FCRA. I request this account be updated to reflect the XXXX $ payment that was tendered on XX/XX/XXXX.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation