Consumer complaint received 2024-10-30 00:00:00
Product: Payday loan, title loan, personal loan, or advance loan — Personal line of credit
Issue: Getting a line of credit — 
Company: U.S. BANCORP
State: OH

Complaint narrative:
Subject : Complaint Against U.S. Bank, XXXX XXXX XXXX XXXX XXXX, and XXXX XXXX XXXX for Breach of Contract, Age Discrimination, and Unfair Business Practices Complaint Against : - U.S. Bank N.A. 
- XXXX XXXX XXXX XXXX XXXX. 
- XXXX XXXXXXXX XXXX On XXXX XXXX, 2024 I Instructed XXXX XXXX, the finance manager at XXXX XXXX in XXXX, OH, to send U.S. BANK my power of attorney, tender of payment, and security collateral ( Application # XXXX ) to finalize the consumer credit transaction on behalf of the PRINCIPAL. Despite these clear instructions, the principal has not received the goods as agreed upon. 

Introduction : XXXX XXXX Do not steal. Do not lie. Do not deceive one another. 

I am filing this formal complaint regarding the actions of U.S. Bank, XXXX XXXX XXXX XXXX XXXX, and XXXX XXXX XXXX related to the PRINCIPAL consumer credit transaction for the purchase of a 2024 XXXX XXXX XXXX RV, Model XXXX. 

Those entities have engaged in the following : XXXX. Failure to Complete the Transaction and Breach of Contract I entered into a consumer credit transaction ( Application Number : XXXX ), providing full payment ( i.e collateral security ) for the RV. Despite this, XXXX XXXX XXXX XXXX XXXX has failed to deliver the goods as per the contract. This failure violates the Truth in Lending Act ( TILA ), as they have neglected their obligation to complete the transaction.

This is further supported by XXXX XXXX  : > " Do not withhold good from those to whom it is due, when it is in your power to act. '' XXXX XXXX XXXX XXXX U.S Bank has received consideration so shell the PRINCIPAL. 

XXXX XXXX XXXX XXXX XXXX and U.S. Bank have the power and obligation to complete the transaction and provide the goods, yet they chose not to act, breaching our agreement. The goods have not been delivered despite providing the necessary elements to complete the purchase, including the application collateral security for the total amount of {$130000.00}. This ongoing refusal and lack of accountability demonstrate clear discrimination and unfair business practices. 

According to the Federal Reserve Act, Section 16, Part 2 : " In no event shall such collateral security be less than the amount of Federal Reserve notes applied for. '' ( {$130000.00} see attached Buyers order ) My compliance with this provision further solidifies my **PRINCIPAL** position. Therefore, XXXX XXXX XXXX XXXX XXXX and U.S. Banks actions violate my rights, and they must cure this by delivering the property as per the contract. 

XXXX. Age Discrimination and Unfair Practices by Camping World Age discrimination was evident in the handling of my PRINCIPAL transaction. XXXX XXXX, the finance manager at XXXX XXXX in XXXX, OH, neglected his duties by failing to forward my power of attorney, tender of payment, and collateral security ( Application # XXXX ) to U.S. Bank, even after being instructed by me and XXXX XXXX, XXXX XXXXXXXX  Manager at XXXX XXXX XXXX to send over the documentation to complete the transaction ( see attached docs ). This neglect reflects an assumption that I lack the legal capacity to engage in a binding contract due to my age, violating the Equal Credit Opportunity Act. 

Furthermore, XXXX XXXX indicated that the collateral price was out of XXXX XXXX XXXX range, yet XXXX XXXX, Camping World attempted to forward my collateral security to them anyway. This unnecessary detour displays blatant discrimination and raises the question of why XXXX XXXX would engage a third party that can not fulfill the transaction, other than to complicate and delay the process. Camping Worlds actions show clear age bias and discriminatory intent. ( If XXXX XXXX XXXX received consideration, then the PRINCIPAL shell received consideration. ) 3. Unfair and Deceptive Business Practices U.S. Bank and XXXX XXXX XXXX XXXX XXXX have engaged in deceptive practices, including : - Misrepresentation in communications. 
- Failure to acknowledge payments and collateral. 
- Contradictory statements in their credit decision letter. 

XXXX XXXX supports my claim In the same way, on the outside you appear to people as righteous but on the inside you are full of hypocrisy and wickedness. Playing both sides for their benefit, regardless of the collateral damage. 

How is that in the best interest of the XXXX, its not. 
For example, in the letter dated XX/XX/year>, U.S. Bank states : > " The reporting agency played no part in our decision and is unable to supply specific reasons why we have denied credit to you. '' However, they also state : > " We obtained your credit score from XXXX and used it in making our credit decision. '' ( Attached Docs ) These contradictory statements show a lack of transparency, violating the Truth in Lending Act ( TILA ).

4. Failure to Provide Transparency and Accountability U.S. Bank has failed to deliver an audit or clear accounting of the funds and collateral involved in this transaction, ignoring my requests for documentation as mandated by consumer protection laws. Their actions indicate potential violations of both TILA and state banking regulations.

5. U.S. Banks Lack of Authority to Deny Credit Under 12 U.S.C. 1431, U.S. Bank, as a borrower in this context, has no legal authority to deny credit, further underscoring the bad faith with which they have handled this transaction. Their actions reflect an abuse of authority that goes against federal banking laws.

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