Consumer complaint received 2024-03-15 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: Experian Information Solutions Inc.
State: CT

Complaint narrative:
Notice of Immediate and Indefinite Revocation of Powers to all violators XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXXXXXX XXXX XXXXXXXX XXXX Dept of Ed XXXX This letter serves as formal notice of the immediate and indefinite revocation of specific powers and authorities granted to all listed violators due to several serious and recurrent violations. These infringements involve presenting false or misleading customer data, incorrectly reporting payment histories, falsely labeling charged-off accounts as active, and participating in deceptive representation practices. Such behavior adversely affects consumers and undermines trust in fair financial institutions. 

Erroneous Customer Data : ( listed companies ) has repeatedly provided inaccurate customer data, resulting in detrimental impacts on consumer credit scores and overall financial health. Misinformation includes incorrect social security numbers, addresses, employment statuses, income levels, and other vital identifying features. Title 15 of the USC, Section 1681e ( b ) states that a creditor reporting agency must ensure maximum possible accuracy of all information supplied to users, imposing strict guidelines on organizations like the companies listed. Failure to adhere to these standards warrants significant consequences. 

Incorrect Payment Histories : There have been instances wherein the companies listed has misreported customers ' payment histories, often reflecting late payments despite punctual clearance. According to the Fair Credit Reporting Act ( FCRA ), accurate and consistent records play a crucial role in ensuring fairness among borrowers. Moreover, Title 12 of the USC, Section 2605 prohibits unfair lending practices, which include distorted reporting methods employed by XXXX XXXX. 

False Charged-Off Account Status : Another alarming issue involves charging off accounts yet maintaining the illusion of activity. Labeling closed or settled debts as active misleads consumers and inflates the companies listed revenue streams artificially. Linguistically representing a charged-off account as open amounts to fraudulent communication, thereby breaching Title 15 of the USC, Section 1692e.

Deceptive Representations : Engaging in misleading representations and exploitative tactics targeting vulnerable populations contradicts the principles established in Title 12 of the USC, Section 2605 and Title 15 of the USC, Section 1601 et seq., commonly known as the Consumer Credit Protection Act. Manipulative strategies aimed at deceiving customers contravene the spirit of federal legislation designed to safeguard individual interests.

Relevant US Code ( USC ) and Code of Federal Regulations ( CFR ) references supporting this notice include : Title 15 of the USC, Chapter 2A Securities and XXXX XXXX XXXX, Subchapter XXXXV Security Holders, Part I General Provisions, Sections 78l, 78n, 78o, and 78p.

Title 12 of the USC, XXXX XXXX XXXX XXXX  Subchapter IV Bank Service Companies, Section 2605 Unfair Lending Practices.

Title 15 of the USC, Chapter 41 Truth in Lending, Sections 1601 et seq., addressing the Consumer Credit Protection Act.

Title 15 of the USC, Chapter 41 Truth in Lending, Section 1692e Prohibited Practices by Debt Collectors.

Title 17 of the CFR, Chapter II Securities and Exchange Commission, Part 232 General Rules and Regulations, Articles 12g3-2 ( b ), 12h-3, 12h-6, and 240.12h-6.

This notice is immediate, Final and indefinite, The CFPB is to enforce all listed companies receive this official notice /s/ XXXX Grantor Exclusive Equity Holder

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