Consumer complaint received 2024-06-18 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: CAPITAL ONE FINANCIAL CORPORATION
State: MT

Complaint narrative:
( THIS IS NOT A DIPLICATE ) CAPITAL ONE is in violation of multiple laws set forth by XXXX in regards to the following account # XXXX. Charge-off is a discharge of indebtedness and is income under XXXX  code XXXX XXXX XXXX Code XXXX a ( XXXX ) ( a ) ( i ) states that the consumer report does not include information solely as to transactions or experiences ( payment history, charge off status ), between the consumer ( myself ) and the person ( CAPITAL ONE ) making the report. Additionally, XXXX XXXX Code XXXX XXXX ( a ) ( XXXX ) ( A ) states that A person ( CAPITAL ONE ) shall not furnish any information relating to a consumer ( XXXX ) to any consumer reporting agencies, if the person knows or has reasonable cause to believe that the information is inaccurate. CAPITAL ONE can not collect on a XXXX debt. This is now considered a certificate of indebtedness per the XXXX and income can not be reported. The XXXX clearly defines a charge off as Gross or Ordinary income, INCOME DOES NOT GET REPORTED ON THE CONSUMER REPORT which in fact makes reporting of this account inaccurate! I provided a screen shot from the XXXX website. By definition, the IRS clearly says a cancelled debt or charge off is income. The reporting of this account as a debt is inaccurate. I never received a XXXX copy B from CAPITAL ONE for the cancelled debt of { { { {$1500.00} } } } in order to file as ordinary income. Where is my XXXX and Copy B, CAPITAL ONE is clearly writing off debt with the IRS without XXXX out XXXX or Copy B as required by the XXXX for debts greater XXXX { { {$600.00} } }. Under XXXX CFR Part XXXX Initial privacy notice to consumers required. Under XXXX CFR XXXX Limits on disclousure of non-public pesronal information to nonaffiliated third parties. XXXX Revised privacy notices. ( a ) General rule. Except as otherwise authorized in this part, you must not, directly or through any affiliate, disclose any nonpublic personal information about a consumer to a nonaffiliated third party other than as described in the initial notice that you provided to that consumer under XXXX, unless : ( XXXX ) You have provided to the consumer a clear and conspicuous revised notice that accurately describes your policies and practices ; ( XXXX ) You have provided to the consumer a new opt out notice ; ( XXXX ) You have given the consumer a reasonable opportunity, before you disclose the information to the nonaffiliated third party, to opt out of the disclosure; and ( XXXX ) the consumer does not opt out. This has not been done by any and all parties involved. This is unsatisfactory! CAPITAL ONE has been HEREBY PUT ON NOTICE that they are furnishing incorrect inaccurate information. In CAPITAL ONE terms and conditions they agreed not to share my information with non affiliates. XXXX, XXXX, and XXXX is not affiliate of CAPITAL ONE nor are they " bureaus ''. The only true credit bureau is the CFPB and they DO NOT furnish consumer reports as stated in Federal Law. I have the right to privacy and per the Privacy Act of 1974 as a federally protected consumer I am now revoking any and all authorization. I the consumer XXXX have given you written, non written, verbal, and nonverbal per XXXX XXXX XXXX XXXX. per the FCRA as a federally protected consumer I am now opting out of any and all authorization I the consumer XXXX have written, non written, verbal and non verbal per XXXX XXXX XXXX. I shall also point out their responsibility pursuant XXXX XXXX XXXX section XXXX XXXX ( a ) ( XXXX ) ( B ) ( XXXX ) : ( a ) DUTY OF FURNISHERS OF INFORMATION TO PROVIDE ACCURATE INFORMATION ( XXXX ) PROHIBITION ( B ) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if ( i ) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate ; and ( ii ) the information is, in fact, in accurate. CAPITAL ONE must also refund the remaining balance of the consumer account upon its termination. This is also a violation under CAPITAL ONE SEC fillings PURSUANT TO SECTION XXXX OR XXXX ( d ) as securities fraud. CAPITAL ONE anXXXX XXXX XXXX XXXX XXXX XXXXXXXX have not done their fiduciary duty on regards to this account. This is your 7 day notice to return ALL money due from this consumer account. You have XXXX calendar days from the receipt of this notice to delete the inaccurate information from my consumer reports. I am not asking for verification or validation of this account. DO NOT WASTE MY TIME WITH STALL LETTERS the only response to this letter is the Deletion of the inaccurate information being furnished. Any other response will result in me taking legal action! Yours truly, By : XXXX XXXX XXXX XXXX XXXX Recourse all rights reserved UCC XXXX

Company response to consumer: Closed with explanation