Consumer complaint received 2024-01-11 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Incorrect information on your report — Information belongs to someone else
Company: JPMORGAN CHASE & CO.
State: FL

Complaint narrative:
I have recently pulled my consumer report and I have found numerous inaccurate and unauthorized reporting from J.P. MORGAN CHASE BANK to credit bureaus XXXX, XXXX, and XXXX which is a complete violation of the Fair Credit Reporting Act and the Privacy Act of 1974! The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. According to 15 USC 6802 Except as otherwise provided in this subchapter, a financial institution may not, directly or through any affiliate, disclose to a nonaffiliated third party any nonpublic personal information, unless such financial institution provides or has provided to the consumer a notice that complies with section 6803 of this title. J.P. MORGAN CHASE BANK is continuing to report negative items on my consumer report. J.P. MORGAN is committing securities fraud and theft. J.P. MORGAN has threatened, harassed, and even attempted to extort me for this alleged I debt they claim I owe them. J.P. MORGAN CHASE BANK is reporting as a charge off on my consumer and they are still claiming I owe a debt. How is this accurate if a charge off is considered income? When it comes time for J.P. MORGAN CHASE BANK to do their quarterly taxes, they're going to report the charge off as income and receive a tax deduction. By law you can't attempt to collect on a debt that has already been paid! That is THEFT! Not only that, J.P. MORGAN CHASE BANK, has a continues to sell this alleged debt along with MY NONPUBLIC information to collection agencies WITHOUT MY WRITTEN, OR VERBAL CONSENT. I pulled J.P. MORGAN CHASE BANK, SEC filings, more specifically the XXXX XXXX Prospectus, and Trust Indenture Forms. I meticulously dissected the forms and J.P. MORGAN CHASE BANK, is securitizing card loan agreements as asset backed securities and capitalizing off of it by trading and putting these loans in a pool and selling them on the secondary market. Then turning around and demanding FRNs ( Floating Rate Notes ) as additional payment when it is the wrong tender. I've sent lawful payment, signed and endorsed the bearer security and J.P. MORGAN CHASE BANK has not only stolen my security but they've refused to credit the account. J.P. MORGAN CHASE BANK has submitted a 1099C on my behalf without my written consent. So what I did, I submitted my own 1099C for the alleged debt I owe which I sent out via certified mail to J.P. MORGAN corporate headquarters ( tracking : XXXX ) on XX/XX/XXXX and it was signed for and picked up on XX/XX/XXXX. The correspondence was addressed to the CHIEF FINANCIAL OFFICER, XXXX XXXX. I also included an instruction letter with explicit details demanding that J.P. MORGAN process my 1099C immediately and to mail me back copy B back. I also stated in my letter for J.P. MORGAN to the immediately notify all credit bureaus that the account is PAID AS AGREED. In the letter, I also stated that I was aware of the fraud and theft that J.P. MORGAN CHASE bank is committing and that I am putting them on notice because I will be filing complaints with the SEC, FINRA, XXXX, and further legal action. J.P. MORGAN CHASE BANK has refused to process the 1099C and is continuing to report negatively on my consumer report! I demand my account be updated PAID AS AGREED immediately. I have suffered emotional, mental, and physical damage because of J.P. MORGAN CHASE BANK. I fear for my life every single day because of these debt collectors harassing me on a daily threatening to physically harm me and my loved ones if I don't pay the alleged debt. I've spent thousands of dollars seeking medical attention because of the XXXX J.P. MORGAN has caused me.

Company response to consumer: Closed with explanation