Consumer complaint received 2025-02-05 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Information is missing that should be on the report
Company: WELLS FARGO & COMPANY
State: LA

Complaint narrative:
Dispute Letter to XXXX for Removal of WFBNA CARD Account XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Dispute Department XXXX XXXX XXXX XXXX XXXX XXXXXXXX Subject : Formal Dispute & Demand for Immediate Removal of WFBNA CARD Account # XXXX Under the Gramm-Leach-Bliley Act ( GLBA ), FCRA, FDCPA, UCC, IRS Regulations , and Other Consumer Protection Laws To Whom It May Concern, I am formally disputing the WFBNA CARD account # XXXX, which is currently appearing on my XXXX credit report dated XX/XX/year>. The inclusion of this account violates multiple federal laws and consumer protection regulations, including but not limited to : Gramm-Leach-Bliley Act ( GLBA, 15 U.S.C. 6801 et seq. ) Fair Credit Reporting Act ( FCRA, 15 U.S.C. 1681 et seq. ) Fair Debt Collection Practices Act ( FDCPA, 15 U.S.C. 1692 et seq. ) Uniform Commercial Code ( UCC 3-305, 9-210, 3-501, and 3-603 ) Truth in Lending Act ( TILA, 15 U.S.C. 1601 et seq. ) Internal Revenue Code ( IRC ) 6050P 1099-C Cancellation of Debt Reporting Federal Trade Commission Act ( FTC Act, 15 U.S.C. 45 ) Based on these violations, I demand the immediate deletion of this account from my credit file, as it has been reported unlawfully, inaccurately, and without proper verification. 

Section XXXX : Violations of the Gramm-Leach-Bliley Act ( GLBA ) The Gramm-Leach-Bliley Act ( GLBA, 15 U.S.C. 6801 et seq. ) requires financial institutions to safeguard consumer information and provide full transparency on how personal financial data is shared, stored, and used.

Wells Fargo Bank , N.A . ( WFBNA ) has failed to provide proof of a legally binding and enforceable contractthat authorizes them to share my financial data with XXXX. 
The improper dissemination of my private financial information violates the privacy protections under the GLBA. 
I demand XXXX remove this account immediately as it fails to meet the legal requirements for accurate and lawful reporting under federal law. 

Section XXXX : Violations of the Fair Credit Reporting Act ( FCRA ) XXXX is violating multiple provisions of the Fair Credit Reporting Act ( FCRA, 15 U.S.C. 1681 et seq. ), which mandates that all reported accounts be accurate, complete, and verifiable.

1. Lack of Verification of the Debt 15 U.S.C. 1681s-2 WFBNA has failed to provide legally sufficient documentation proving the validity of this alleged debt, whether I consented to its reporting, and whether the alleged charge-off balance is correct. 
XXXX is required under FCRA 1681i ( a ) ( 5 ) ( A ) to delete unverifiable information. I demand : A copy of the original contract containing my actual signature.

A full accounting ledger showing how WFBNA calculated the alleged balance.

Proof that WFBNA still owns the debt and has not sold or securitized it. 
If XXXX can not verify this within 30 days, you are required by FCRA 1681i ( a ) ( 5 ) ( A ) to delete this account from my credit report immediately.

2. Reporting False and Misleading Information 15 U.S.C. 1681e ( b ) The charge-off is inaccurate and harming my creditworthiness in violation of FCRA 1681e ( b ), which mandates Experian to maintain the highest level of accuracy.

3. Failure to Conduct a Proper Investigation 15 U.S.C. 1681i If XXXX has previously investigated this account and refused to remove it, I demand full documentation of your verification process. If XXXX is unable to produce evidence of proper verification, it is in violation of the FCRA and subject to legal action. 

Section III : Violations of the Internal Revenue Code ( IRS Laws ) Failure to Issue a 1099-C for Cancellation of Debt ( IRC 6050P ) Under 26 U.S.C. 6050P, a creditor must issue a 1099-C form to both the debtor and the IRS when a debt of {$600.00} or more is charged off.

WFBNA failed to issue a 1099-C, which suggests the debt was forgiven, settled, or written off through third-party transactions, making it unenforceable.

Tax Fraud and Improper Accounting If WFBNA reported a charge-off without issuing a 1099-C, they may be double-dipping by claiming a loss for tax purposes while continuing to collect the debt.

This is a violation of IRS regulations and constitutes tax fraud under 26 U.S.C. 7206.

Section IV : Violations of the Uniform Commercial Code ( UCC ) Lack of Holder in Due Course Status ( UCC 3-305 ) WFBNA must prove it is the holder in due course of this alleged account and has not sold or securitized the debt. 
If the debt was securitized, then XXXX must delete this account immediately, as no valid financial obligation remains. 
Failure to Validate the Debt ( XXXX XXXX ) I have the right to demand proof of the original obligation. WFBNA has failed to provide it.

Failure to Provide a Full Accounting ( UCC 9-210 ) Under UCC 9-210 , a consumer has the right to demand a full accounting ledger detailing every transaction related to the account. 

Section XXXX : Biblical and Moral Argument " A false balance is an abomination to the XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  ) WFBNA has used deceptive accounting practices to inflate the balance owed while refusing to provide transparent documentation. 
XXXX is complicit in these deceptive practices by allowing the continued reporting of unverified and fraudulent information. 

Section VI : Demand for Immediate Removal and Legal Notice Given these severe violations, I demand the immediate deletion of WFBNA CARD account # XXXX from my credit file within 30 days under FCRA ( 15 U.S.C. 1681i ( a ) ( 5 ) ( A ) ). 
If XXXX fails to comply, I will escalate this matter by : Filing complaints with the CFPB, FTC, XXXX, IRS, and State Attorney Generals Office.

Pursuing legal action under FCRA 1681n, seeking statutory damages of {$1000.00} per violation, plus punitive damages.

Exposing Experians unlawful credit reporting practices to the public. 
Final Warning This is my final notice before legal action is taken. I expect full compliance within 30 days. 
Sincerely, XXXX XXXX

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