Consumer complaint received 2025-07-27 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: AMERICAN EXPRESS COMPANY
State: NJ

Complaint narrative:
NOTICE OF FRAUDULENT CREDIT REPORTING, SECURITIZATION MISCONDUCT & DEMAND FOR IMMEDIATE TRADE-LINE DELETION I. FORMAL NOTICE AND DECLARATION This Notice serves as an official declaration that American Express Company, American Express XXXX XXXX  ( XXXX ), and its affiliates have engaged in false, misleading, and deceptive credit reporting in violation of : Fair Credit Reporting Act ( 15 U.S.C. 1681s-2 ) Public Law 93-579 ( Privacy Act ) Lanham Act ( 15 U.S.C. 1114, 1125 ) Federal and State Unfair and Deceptive Trade Practice Laws Amex has knowingly and willfully furnished inaccurate data to consumer reporting agencies ( CRAs ) regarding account ending : XXXX, despite Amex 's monetization and securitization of receivables, which eliminates Amex 's legal ownership and standing to assert any claim of balance due.

II. AMERICAN EXPRESS SECURITIZATION SCHEME LOSS OF STANDING American Express own SEC filings confirm that Card Member receivables are regularly sold, assigned, and transferred to the American Express Credit Account XXXX XXXX for the issuance of Asset-Backed Securities ( ABS ). 

From SEC Form 8-K ( XX/XX/XXXX ) : American Express XXXX XXXX XXXX XXXX XXXX XXXX the Transferor ), American Express XXXX XXXX  XXXX and American Express XXXX XXXX XXXX XXXX entered into an Underwriting Agreement with XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX, regarding the issuance and sale of Class A and Class B Asset-Backed Certificates through the American Express Credit Account XXXX XXXX XXXX 

XXXX XXXX & XXXX XXXX Asset-Backed Certificates were issued, backed by designated consumer Amex credit card accounts, proving securitization and monetization of receivables. 

These XXXX  were removed from Amexs balance sheet under XXXX and pledged as collateral for XXXX XXXX 

Therefore : Any continued representation that an account remains outstanding after securitization is a blatant misrepresentation and fraud. 

Amex is not the real party in interest, and any trade-line reporting is both false and unlawful. 

III. FALSE CHARGE-OFF REPORTING & PROOF REQUIREMENT Amex 's records reflect that this account was reported as charged-off on or about XX/XX/XXXX, with a false and inaccurate late payment reporting XX/XX/XXXX. Under GAAP and industry standards, a charge-off means the balance is written down to {$0.00}. 

Accordingly : Any reporting of a balance greater than {$0.00} after XXXX, XXXX is knowingly false, misleading, and inaccurate. 

For each subsequent month the trade-line reflects any positive balance, Amex is XXXX to produce admissible, sworn evidence under the pains and penalties of perjury showing the lawful existence of such balance, due, past due, owed, or late. 

Failure to comply within fifteen ( XXXX ) calendar days triggers the following : A contractual fee of {$5000.00} USD per month will accrue for every month beyond XX/XX/XXXX that the false trade-line persists. 

IV. BAD FAITH, IDENTITY THEFT & TRADEMARK INFRINGEMENT Amex 's misconduct constitutes : Unjust Enrichment Profiting from securitization while pursuing double recovery via false reporting.

Aggravated Identity Theft ( 18 U.S.C. 1028A ) Using my personal and trademarked information for ABS transactions without consent.

Trademark Infringement Exploiting my federally registered trademark ( USPTO Serial No. XXXX ) in violation of the Lanham Act. 

V. CASE LAW & LEGAL PRECEDENT XXXX v. XXXX, XXXX XXXX XXXX ( XXXX ) Assignment extinguishes original holders claim. 

XXXX v. XXXX, XXXX XXXX XXXX ( XXXX ) Assignments alter creditor rights and standing. 

XXXX XXXXXXXX XXXX XXXX, XXXX XXXX XXXX XXXX ( XXXX ) Inaccurate credit reporting creates statutory liability under FCRA. 

VI. ARBITRATION NOTICE & FEDERAL ESCALATION This dispute is subject to mandatory arbitration, which is pending initiation. Any continued false reporting during arbitration constitutes retaliation and obstruction, warranting escalation to federal court for : Violations of FCRA, FDCPA, Lanham Act Identity Theft & Deceptive Practices Punitive Damages & Sanctions VII. DEMAND FOR IMMEDIATE ACTION You are hereby demanded to : IMMEDIATELY DELETE AND REMOVE the American Express trade-line and all associated derogatory data from any and all CRAs in perpetuity.

CEASE AND DESIST unauthorized use of my name, data, and trademark for ABS and reporting purposes.

Provide written confirmation of compliance within fifteen ( 15 ) days.

Failure to comply will result in enforcement through arbitration and federal litigation, seeking statutory, actual, and punitive damages, plus costs and sanctions.

Company response to consumer: Closed with non-monetary relief