Consumer complaint received 2024-02-09 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: NAVY FEDERAL CREDIT UNION
State: NE

Complaint narrative:
Navy Federal Credit Union is in violation of various aspects of the UCC, USC, and various other issues related to securities, coupons, and negotiable instruments. 

By refusing to accept my tender, reporting false information to the credit reporting agencies, and locking my credit card, even if unintentional, NFCU has violated 18 USC Ch. 41 : EXTORTION. 

Violations of Title 12 USC section : 411.

Rejecting coupon/payment which is adherent to UCC 3-104 . 
Refusal to discharge the debt which is a violation of XXXX, XXXX, XXXX, and XXXX. 
Making claim that a coupon is not a negotiable instrument. 
Violation of title 18 USC section XXXX. 
Violations of any USC resulting in loss, harm, or injury.

Violations of any UCC resulting in loss, harm, or injury.

Violation of UCC 3-502 putting company in dishonor.

Breach of fiduciary duty UCC 3-307.

Violation UCC 4-302.

Coupons- They are written contracts for the payment of a definite sum of money. They are deemed negotiable and distinct promises. This is supported by XXXX XXXX XXXX, 106 U.S. 589, XXXX S.Ct. XXXX, XXXX L.Ed. XXXX. 

As per various laws, provisions in the UCC, XXXX XXXX dictionary, and other resources : Tender is the offer of performance, not performance itself, and when unjustifiably refused, places the other party in default and permits party making tender to exercise remedies for breach of contract. 

Relying on this established interpretation and precedent, the Plaintiff sought to enforce this coupon note through endorsement and transfer in good faith, as stipulated in U.C.C. 3-301.

If such a coupon is rendered invalid, it casts doubt on the legitimacy of the entire debt. As established in U.C.C., the debt is either considered satisfied or entirely nullified. 

The Defendants refusal to honor this note, despite the Plaintiff 's actions in alignment with the U.C.C., amounts to a full discharge of the debt as per U.C.C. XXXX. 

It falls upon the Defendants to demonstrate that the issued coupon note does not fulfill the criteria established in the U.C.C.

Some instruments were securities. These instruments can be exchangeable with the Federal Reserve pursuant to 12 USC 412.

No interest in claiming those securities was expressed by any party, other than the plaintiff.

A promissory note is a negotiable instrument.

Notes are accepted as collateral securities in accordance with 12 USC 412.

A bill of exchange is an unconditional promise to pay.

A bill of exchange is a negotiable instrument.

Bills of exchange are collateral securities in accordance with 12 USC 412.

18 USC 2314 Transportation of Stolen Securities.

Unknown negotiation via blank indorsement allowed Defendants to take possession of securities. 

This negotiation should have been done under special negotiation and should have been temporary until the application for notes via 12 USC 412 was completed at the Federal Reserve Window.

18 USC 1348 Securities and Commodities XXXX. 

Plaintiff were not informed that these instruments were negotiable, nor that, as per all of the above case laws cited, that banks can not lend their credit. 

Plaintiff were never informed of the various optional indorsements in accordance with XXXX Article XXXX. 

XXXX is due to lack of complete failure to disclose terms and options of signing/indorsing the above securities. 

This damaged plaintiff materially due to valuable instruments being purloined and not available to plaintiff, impeding plaintiffs ability to use their credit. 

Due to the plaintiffs signatures being the birth of value for all the above negotiable instruments, plaintiffs are the secured parties for all transactions in these transactions.

In accordance with 16 CFR 433.1 ( i ) and UCC 3-104 ( a ), an instrument is an instrument that is negotiable and an unconditional commitment to pay, equivalent to a dollar. As the affiant, I have good reason to thinkand I do believethat this document fulfills the requirements of the Negotiable Instruments Act and that I have paid in full for this transaction on the consummation date. 

I've made numerous attempts to settle the matter in accordance with the UCC, USC ( including The Truth In Lending Act, aka, TILA ), and have been ignored, or otherwise told the tender is refused, in violation of the above.

I have sent notices to NFCU 's credit & billing department, legal, ceo+cfo+general counsel, and registered agent for the state of Nebraska. 

I'm providing copies of my complaint to the SEC, Federal Reserve, Office of the Comptroller, XXXX XXXX XXXX XXXX XXXX XXXX, FTC, and Attorney Generals for XXXX XXXX XXXX, for inspection and collection, per 12 USC 504 Civil Money Penalty. 

XXXX is aware of, and has evidence of Navy Federal Credit Union reporting unverified, false, and misleading information to Plaintiffs consumer report. This is a violation of both Plaintiffs XXXX XXXX right to the security of my papers, including consumer reports about Plaintiff, and 15 U.S. Code 1692d ( 1 ).

Notice, it is a fact that the affiant is aware of the fraudulent and inaccurate credit information reported, and that this is a violation of 15 U.S. Code 1692e ( XXXX ), and the affiant has proof. 

XXXX acknowledges that it is a fact that prior to providing any information, a notice of dispute must be included. Additionally, no information may be provided to a consumer reporting agency without a notification that the information is contested. The affiant has disputed this information with Defendant, Navy Federal Credit Union.

During this disagreement, this company has unlawfully given this information without a notice of dispute. This is a clear violation of 15 U.S. Code Section 1681s-2 ( a ) ( 3 ).

Notice that nothing in 1681s-2 ( 7 ) ( A ) mandates that unfavorable information be given to a consumer reporting agency. This is a fact that the affiant is aware of. If a furnisher participates in the process of reporting information to a consumer reporting agency, the furnisher is obliged to provide information that is 100 % correct. It is a clear violation of 15 U.S. Code 1681s-2 ( 7 ) ( E ) to conflate the obligation to provide correct information with the requirement not to report negative information. This would amount to my information being reported without legal authority. 

Notice that Defendant, Navy Federal Credit Union, is unable to report any information to any third party, including consumer reporting agencies, until the creditor has settled a billing error dispute. This is a fact that the affiant is aware of. If Defendant, Navy Federal Credit Union, fails to disclose information, it will be admitted to criminal liability under 15 U.S. Code 1611 ( XXXX ). Additionally, if TILA requirements are not met for each individual action under 15 U.S. Code 1640 ( a ) ( XXXX ) ( A ) ( i ), the company will face double the financing charge. 

Notice : The affiant is aware that 15 U.S. Code Section 1637 ( b ) ( XXXX ) ( A ) refers to a request for the resolution of a billing problem, along with all supporting documentation necessary to determine who funded the account. 

Until that request is completed, if Defendant, Navy Federal Credit Union is unable to disclose late payments in compliance with 12 CFR 1026.13 ( d ) ( XXXX ). These are considered to be in violation of 15 U.S.Code 1666b, if Defendant, Navy Federal Credit Union, reports late payments without complying with the standards in 15 U.S.Code 1637 ( b ).

Notice, this is a fact, and as the affiant Im aware of the fact, that I have used my rights in good faith, and I have cause to thinkand I do believethat Defendant, Navy Federal Credit Union, has been unfairly discriminating against me.

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation