Consumer complaint received 2024-09-11 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: DISCOVER BANK
State: TX

Complaint narrative:
On XXXX I applied for a credit card/ entered into a consumer credit contract with Discover Financial Services XXXX my application was denied and I received a Adverse Action letter that stated that I was denied a credit card. I responded to the adverse action letter claiming that my Right to Credit via the Federal Equal Credit Opportunity Act, I in good faith exercised my Right to credit and withholding access to my securities is Securities Fraud. I also asked what factors did underwriting use to deny my application. I received no correspondence with that letter. The company gave the wrong address to send those types of responses. My research lead me to find out that I was not given proper full disclosures via the Truth In Lending Act, the Federal Equal Credit Opportunity Act as well as the Security Exchange Act of 1932. 15 U.S.C. 1601-1667f Truth In Lending this Act authorizes the Security Exchange Commission to enforce compliance of this financial institution.

Upon more research I found out that Discover Financial Services is Part of the United States Securities and Exchange Commission. They filed a XXXX form on XX/XX/XXXX among other forms that were signed by XXXX XXXX, XXXX as well as XXXX XXXX, I found out that these XXXX are the people that handle the securities that are being Transferred at the Treasury department. My securities have been transferred and traded without my knowledge, consent, or benefit. Discover Financial Service Commission File Number : XXXX, and the IRS Employer Identification number is XXXX. 
Discovers XXXX form states that they comply with the Written Communication Pursuant to Rule 425 under the Securities Act ( 17 CFR230.425 ). I must be given full disclosure of anything done with my securities which violates the Pre-commencement communications Pursuant to Rule 14d-2 ( b ) under the Exchange Act ( 17 CFR240.14d-2 ( b ) ). These violations are punishable by Federal Law and XXXX XXXX, XXXX and XXXX Vainikos are the people responsible for misleading practices. They also violated the Trust Indenture Act of 1939, the whole reason for this Act is to disclose information about the Security Exchange Commission to me XXXX XXXX as the investor. 15 U.S.C. section 77bbb Necessity for Regulation ( a ) numbers 3-6, All of these have been violated. XXXX and XXXX have failed to give me full disclosure on what is truly happening with my securities and how I can benefit from the interest generated by my security every month. 15 U.S.C. code section 77yyy, Penalties States that Any person who willfully violated provisions of the subchapter or Any rule, Regulation, or order thereunder, makes any untrue statement of a material fact or omits to state Any material fact required to be stated therein or necessary to make statements therein not misleading, shall upon conviction be fined not more than {$10000.00} or imprisoned for not more than 5 years or both. 
These unfair act and practices have caused me grave damage both financially and physically for months. The misleading procedures cause me to loose my vehicle and my place of residence as I could not provide that necessary thing for my family.

Company response to consumer: Closed with explanation