Consumer complaint received 2024-01-05 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: CAPITAL ONE FINANCIAL CORPORATION
State: FL

Complaint narrative:
I have attempted in good faith to settle this account with Capital one however at this point I have witnessed Securities fraud and am aware of a XXXX with my account that capital one is committing. The account number is XXXX XXXX XXXX XXXX. My application for this account was the promissory note. I supplied capital one in good faith a security, and then again via registered mail under Medallion Signature Guarantee, I reserve all rights to this security, and I reserve the all rights to title and interest. 

According to the XXXX XXXX and the audit that I have in my possession capital one has transferred this note and proceeded to sell on the secondary market without my consent, upon these findings I have reached out to capital one with a letter of instruction on where to send interest payments for this XXXX as well as allowing them to continue to trade and keep 20 % in good faith however have been ignored entirely. This is my final attempt to close this matter with capital one prior to submitting the necessary documents for arbitration and further open a report to the SEC, IRS, and XXXX on securities fraud as well as filing with the proper venue in the XXXX XXXX XXXX as this is a matter in equity. In good faith am giving Capital One this final opportunity to correct this issue prior to doing so across this account as well as any other held with them. 

It is against federal law in accordance with the Equal Credit opportunity Act to proclaim an adverse action against a consumer. The note was the collateral and the instrument tenders payment. Capital One has taken adverse action against me and has caused damages. I am requesting the adverse action that is being reported on this account be removed from my credit report as well convert this account to open ended and issue a new card. The security instruments tenders payment. Capital one has the burden to demonstrate that it held the note and did not transfer it. Furthermore Capital one broke the contract filing suit although the contract contained an arbitration clause this in itself voided this contract but further more was the wrong jurisdiction. Value was provided to the instruments the capital one sent as well, this was done with a pay to the order of and a medallion Signature guarantee again and sent again on XX/XX/XXXX XXXX  under Registered Mail number [ RF XXXX XXXX XXXX XXXX ]. Any holder of the consumer credit contract the debtor can assert their right. I can not be denied credit I gave capital one something of value in this case a security. Ignorance of the law does not excuse misconduct in anyone I have reviewed the Indentured agreement from the SEC filings, I highlighted any areas that may help to clear up the responsibilities Capital One has as a company to its investors and holders and upon request can send a copy, there shouldnt be a need for this however if the parties need a reminder of their duties I can do so. I am confident that this issue can be resolved quickly and efficiently without the need for further escalation, arbitration, or equity court. Please feel free to contact me in writing at XXXX.

Company response to consumer: Closed with explanation