Consumer complaint received 2024-03-31 00:00:00
Product: Money transfer, virtual currency, or money service — Domestic (US) money transfer
Issue: Fraud or scam — 
Company: SYNCHRONY FINANCIAL
State: WI

Complaint narrative:
I XXXX XXXX XXXX XXXX, have submitted multiple letters regarding Securities & Commodities Fraud per 18 U.S. Code 1348, along with debt securities, bonds & dividend checks endorsed and stamped, per codes of Federal Regulations, to the following corporations, via Registered mail, certified mail, email & fax. I've followed up with each corporation, including but not limited to trustees listed on XXXX & XXXX filings, investor relations, legal & applicable commission departments. In return I've received letters & emails of denial, stating my " payments must be in XXXX dollars '' but no one corporation has returned any of my endorsed bonds or dividends. The following was my second attempt of communicating opportunity to cure with each corporation, which continues to be ignored, even after revocation of POA. At least two of the corporations have been subject to forfeiture penalty under 15 USC 1666 ( e ) for failing to comply. Each corporation has received the following second notice : First, per the Fair Reporting Credit Act, as a federally protected consumer, I opt out of any & all authorization I the consumer may have provided you, written & unwritten, verbal & nonverbal, per 15 USC 6802, effective immediately & indefinitely. Per Wisconsin Statutes 244.10, I have provided a notarized POA revocation ( attached ) in addition to filing form 2848 with the IRS. I request you promptly provide me with all 1099s filed on this account. Your company has rejected my instruments of payments per 31 CFR 328.5 & 328.6 ; however, have not returned my instruments, which thereby constitutes Discharge by Cancellation or Renunciation UCC 3-604. Furthermore, Wisconsin Statute 16.413 ( 1 ) ( a ) defines a Financial Instrument as any check, draft, warrant, money order, note, certificate of deposit, letter of credit, bill of exchange, credit or credit card, transaction authorization mechanism, marketable security, and any computer representation of them. Under the Provisions of 12 CFR 1026.13 - Billing Error Resolution Please provide documentary evidence my certificates of indebtedness have not been sent to the treasury to be sold on the international market for corporation monetary gain as they have not been deposited into my Treasury Direct Account or refunded to me via the Electronic Funds Transfer Act ( EFTA ) as requested in my initial registered letter. I, the consumer XXXX XXXX XXXX XXXX, request documentary evidence of this contract, conspicuously demonstrating I owe payment currency of any kind & that your corporation does not owe me interest dividend payments earned every four weeks ; " coupons '' as defined as definitive bearer interest instruments associated with U.S. Treasury bearer securities. In reference to the Trustee Indenture Act of 1933 : Fiduciaries act on behalf of others & are required to put the clients interests ahead of their own, with a duty to preserve good faith & trust. Fiduciaries are legally & ethically bound to act in the others best interests. Investors lend money to corporations in return for a pre-established number of interest payments, along with the return of their principal upon the bond 's maturity date. A coupon rate is the nominal yield paid by a fixed-income security. The Securities Exchange Act of 1934 was a response to the widely held belief irresponsible financial practices were one of the chief causes of the 1929 stock market crash. The Exchange Act protects investors by prohibiting fraud & establishing severe penalties for those who defraud investors, as well as those who engage in some trading practices ( commercial paper ) that take advantage of information most investors do not have. When market participants violate federal securities laws, the SEC can bring civil enforcement action. The SEC or Department of Justice can also bring criminal actions for particularly serious violations. The Exchange Act also allows investors to sue market participants who have defrauded them. Under the Trading with the Enemy Act, Chapter 53 4302, the words " to trade, '' as used herein, shall be deemed to mean ( a ) Pay, satisfy, compromise, or give security for the payment or satisfaction of any debt or obligation. ( b ) Draw, accept, pay, present for acceptance or payment, or endorse any negotiable instrument or chose in action. ( c ) Enter into, carry on, complete, or perform any contract, agreement, or obligation. ( d ) Buy or sell, loan or extend credit, trade in, deal with, exchange, transmit, transfer, assign, or otherwise dispose of, or receive any form of property. I hereby revoke 80 % of security interests withheld from me for all past, present and future certificates of indebtedness & authorize this contracted corporation, per the Electronic Funds Transfer Act, 15 USC 1693, to transfer said securities into to my XXXX XXXX  Account XXXX Routing XXXX. You may apply 20 % of my security interests in the primary & secondary markets, to trade for the maximum amount of use to meet your short term obligations. Per 12 CFR 1026.13 - Until this billing error is resolved, the following apply : -I need not pay & you may not collect any portion of payment related to this dispute. -You shall not make any adverse report of my credit standing. -Acceleration of debt & restriction of this account is prohibited. -You shall not restrict or close this account solely because I have exercised my rights in good faith provided by this section. -You may be subject to the forfeiture penalty under 15 USC 1666 ( e ) for failure to comply with any of the requirements of this section. -You are to issue a refund of 80 % of the interest generated from my certificates of indebtedness dividend payment treasury coupons- past, present & perpetually and furnish me with all 1099s filed on my account. -Since a debt can not be paid with a debt, my FRNs must be returned. -Per 12 CFR 1026.13 ( c ) ( 1 ) - You shall deliver written acknowledgment to me within 30 days of receiving this billing error notice. I've exercised due process and this is my next attempt at communicating my rights in good faith before reporting to further governing bodies.

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