Consumer complaint received 2022-07-26 00:00:00
Product: Debt collection — Credit card debt
Issue: Took or threatened to take negative or legal action — Threatened or suggested your credit would be damaged
Company: WELLS FARGO & COMPANY
State: AZ

Complaint narrative:
In response to CFPB complaint # : XXXX I have reasonable cause to believe that I have been extorted! 

Wells Fargo is engaging in unlawful extortion means by knowingly furnishing false and misleading information while having reasonable cause to believe the information is inaccurate. I have reason to believe this was done to coerce me to make payments of an alleged debt without proof of claim. I am aware that nothing under the Fair Credit Reporting Act REQUIRES a financial institution to furnish negative information to a consumer reporting agency. I DID NOT and I DO NOT consent to any negative information being disclosed to nonaffiliated third parties without my lawful authority. 

Wells Fargo and the Consumer Reporting Agencies involved have used my nonpublic personal information without my lawful authority to bring harm to me and my financial reputation. Wells Fargo along with the help of the consumer reporting agencies are knowingly and willingly committing aggravated identity theft to collect on an extension of credit and punish me for nonrepayment thereof. This is a violation of 18 U.S. Code 1028A and 18 U.S. Code 894 and everyone involved shall be held criminally liable for engaging in racketeering activity. 

I would like Chief Executive Officer XXXX XXXX XXXX of Wells Fargo to provide me with any documentary material certifying that I gave my lawful consent for my nonpublic personal information to be disclosed to nonaffiliated third parties. If this documentary material can not be provided, this has been fraudulently furnished information with forethought and malice as a means of bringing harm to me and my financial reputation. 

I have attached a copy ( Exhibit A ) of the response letter thru the CFPB from Wells Fargo dated XX/XX/XXXX, XXXX XXXX stated, We are responding to your recent account inquiry dated XX/XX/XXXX. Our records show that your inquiry was addressed on XX/XX/XXXX, XX/XX/XXXX, and XX/XX/XXXX. Sufficient documentation had been provided to you validating this account with your records, including that you applied for this account online, and that therefore your signature was not required. We have reviewed your account activity since our prior response, and our decision remains the same XXXX XXXX has certified validating the account with previous documentation provided to me. I would like to bring a few matters to your attention as you are now implicated in this matter. 

I am aware that the Chief Financial Officer is the only person in the company that has actual knowledge and can certify the books of accounts. 

Wells Fargo is required to report factual and accurate information to the credit bureaus under the Fair Credit Reporting Act ( FCRA ). 

I am aware that Wells Fargo did not fully disclose the nonpublic personal information in their Agreement. Also, I am aware that nothing under the Fair Credit Reporting Act requires negative information to be furnished to the consumer reporting agencies. I would like to take a look at this agreement that requires a financial institution to disclose my nonpublic personal information to nonaffiliated third parties without my lawful consent. 

We have confirmed this account is reporting accurately under your credit file as your last billing cycle as ; Open ; 30 days late for XXXX of XXXX ; {$2900.00} balance. 

XXXX XXXX acknowledges that Wells Fargo has taken adverse action against me, with forethought and malice, by furnishing inaccurate and knowingly false late payments to my consumer report without my lawful authority. This adverse action as defined under 12 CFR 1002.2 ( c ) ( 1 ) ( i ), which has the same definition as 15 U.S. Code 1691 ( d ) ( 6 ), has negatively affected my ability to extend credit and operate in commerce. Congress makes it clear that causing a restraint of trade or conspiring to cause a restraint of trade, pursuant to 15 U.S. Code 1, is declared to be illegal to and carries both civil and criminal penalties. 

Since the information is correct, as a fair and responsible lender, we regret we are unable to honor your request to delete the account or cease the reporting from your credit file. 

My right to privacy and my right to know where and how to direct the disclosure of my nonpublic information in accordance with 15 U.S. Code 6801 ( a ) of the Gramm-Leach Bliley Financial Protection Act, has been violated. 

During our investigation, we noticed that this account is currently not being reported by some of the consumer reporting agencies. As such, we have submitted a request to the consumer reporting agencies to update their records to ensure each agency is reporting the information consistently. We provided the same information to each of the consumer reporting agencies, but we have no control over how they process that information and include it in your credit report. 

XXXX XXXX has implicated the consumer reporting agencies into their unlawful activities thus proving they are knowingly and willingly engaging in aggravated identity theft and conspiring against me too. As of XX/XX/XXXX, XXXX is the only consumer reporting agency that is reporting the reinsertion of the account. 

As stated in the account agreement, by either signing, using the card, or accepting the plastic card ( s ) issued to you by us, you accept the terms and conditions of the agreement. 

Due to multiple violations committed under the FCRA ( Fair Credit Reporting Act ) and the GLBA ( Gramm-Leach-Bliley Act ) this unjust enrichment was due to not receiving full disclosure from Wells Fargo before entering into this extortionate extension of credit, which is a violation of 18 U.S. Code 892. I would like to make Chief Financial Officer XXXX XXXX XXXX, and Chief Executive Officer XXXX XXXX XXXX aware that receiving proceeds from extortion is a violation of 18 U.S. Code 880. 

I have attached a copy ( Exhibit B ) of the response letter from Wells Fargo dated XX/XX/XXXX, XXXX XXXX stated, Identity theft occurs when someone uses the personal information ( e.g., Social Security Number, name, and address ) of another to open accounts without their knowledge or consent, or when someone assumes control of anothers account by changing the address, phone number, online access and then proceeds to remove funds through transactions ( withdrawals and transfers ). 

XXXX XXXX has certified what constitutes an Identity theft. I would like to bring a matter to your attention as you are now also implicated in this matter. Wells Fargo has used my nonpublic personal information without my lawful authority to bring harm to me and my financial reputation. 

I have attached a copy ( Exhibit C ) of the response letter from Wells Fargo dated XX/XX/XXXX, XXXX XXXX stated, Per your request, we have provided information validating the account. Therefore, we will continue to associate this account with your records. 

XXXX XXXX has certified the validation of the account. I would like to bring a few matters to your attention as you are now also implicated in this matter. I am aware that the Chief Financial Officer is the only person in the company that has actual knowledge and can certify the books of accounts. 

This account was opened on XX/XX/XXXX, after your application for credit was submitted using the information you provided during the application process. We are able to confirm this application was submitted electronically. 

I am aware that Wells Fargo did not fully disclose the nonpublic personal information in their Agreement. 

I have attached a copy ( Exhibit D ) of the response letter from Wells Fargo dated XX/XX/XXXX, XXXX XXXX stated, As a follow-up to your request, were providing documentation validating the account listed above. Please keep in mind that we will continue to associate this account with your records as permitted by the Fair Credit Reporting Act ( FCRA ). 

XXXX XXXX has certified validating the account. I would like to bring a few matters to your attention as you are now also implicated in this matter. My right to privacy and my right to know where and how to direct the disclosure of my nonpublic information in accordance with 15 U.S. Code 6801 ( a ) of the Gramm-Leach Bliley Financial Protection Act, has been violated.

Please see the enclosed Consumer Credit Card Customer Agreement and Disclosure Statement for your Visa account we confirm was also previously provided to you. 

I am aware that Wells Fargo did not fully disclose the nonpublic personal information in their Agreement. Wells Fargo is not acting in the best interest of I, the true beneficiary. Due to the fraud that has taken place since the consummation of this contract, I have reason to believe Wells Fargo has not acted in good faith and trust. 

As a fair and responsible lender, we are required by the Fair Credit Reporting Act ( FCRA ) to report the true history of each account. 

I am aware that nothing under the Fair Credit Reporting Act requires negative information to be furnished to the consumer reporting agencies. I would like to take a look at this agreement that requires a financial institution to disclose my nonpublic personal information to nonaffiliated third parties without my lawful consent. 

We have noticed inconsistencies in the way that your account is reflected on your consumer credit report. We have submitted a request to ensure that your account is consistently reporting the account as Open, was 30 days late XXXX XXXX, 60 days late XX/XX/XXXX ; {$2900.00} balance. 

XXXX XXXX acknowledges the fact they have furnished information with forethought and malice as a means of bringing harm to me and my financial reputation. I have attached a copy ( Exhibit E ) for reference. 

Furthermore, I would like the names of everyone involved in this conspiracy against my rights. I will need to see this documentary evidence to insure that Wells Fargo isnt using unlawful extortionate means, as defined by 18 U.S. Code 891, with forethought and malice to bring harm to me or my financial reputation. 

I am aware that not excluding transactions between, I, the consumer, and the creditor is a violation of 15 U.S. Code 1681a ( 2 ) ( A ) ( i ). The consumer reporting agencies were not exercising their grave responsibility in respect to impartiality when furnishing this false and misleading information to my consumer report. Reasonable procedures were not taken to insure the accuracy of the information given by Wells Fargo before furnishing it. This shows that the consumer reporting agencies have shown bias towards me because I never gave my lawful authority for any consumer reporting agency or Wells Fargo to furnish any late payments to my consumer report. It is my belief that due to Wells Fargo business relationship with the consumer reporting agencies, ( such as XXXX, XXXX, XXXX ), they parrot any information given to them as a means of coercing consumers to pay extra fees for debts that they allegedly owe. 

I have attempted to rectify this matter multiple times but due to the mutually beneficially business relationship Wells Fargo has with the consumer reporting agencies, I have reason to believe they are engaging in racketeering activity. Multiple verified responses has proven that the consumer reporting agencies arent being impartial when it comes to respecting my right to privacy. Their conspiracy against my rights is affecting my ability to operate in commerce. 

This is my last and final attempt to address this matter before escalating this matter to a United States District Court and insuring that everyone involved in this conspiracy is brought up on charges. 

Thank you. 


Corporations Implicated : Wells Fargo XXXX XXXX Individuals Implicated : Chief Executive Officer XXXX XXXX XXXX of Wells Fargo Chief Financial Officer XXXX XXXX XXXX of Wells Fargo Executive Office Case Specialist XXXX XXXX of Wells Fargo Executive Office Case Specialist XXXX XXXX of Wells Fargo Executive Office Case Specialist XXXX XXXX of Wells Fargo Executive Office Case Specialist XXXX XXXX of Wells Fargo President and CEO XXXX XXXX XXXX of XXXX XXXX Executive Vice President & Chief Financial Officer XXXX XXXX XXXX XXXX XXXX XXXX Executive Vice President & Chief Operating Officer XXXX XXXX XXXX of XXXX XXXX Executive Vice President & Chief Legal Officer XXXX XXXX of 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 non-monetary relief