Consumer complaint received 2021-07-05 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Getting a loan or lease — Credit denial
Company: ALLY FINANCIAL INC.
State: MA

Complaint narrative:
Application number:XXXX 

I hereby inform you that I do not agree with your decision to refuse to extend my credit, I also inform you that this decision violates the Truth In Lending Act. and The Fair Credit Act, Regulation z. I am the consumer, 15 USC 6809 ( 9 ). 15 USC 1692a ( 3 ). 12 CFR 1026.2 ( 11 ). I am the natural person. One of the services of a financial institution is to extend consumer credit and communicate that they could not complete the credit transaction on my behalf because an XXXX agency, XXXX, alleged credit reporting agencies that do not have any legal authorization to use alleged information without my consent, this is in full violation of 15 USC 1692b ( 1 ) ( 2 ) ( 3 ). They smear my name with their system that is not contained in any of the federal fair credit laws. The Score is not a federal law and much less should be taken into account when making a credit extension since this is only an invention of the banks to control consumer credit. this is neither contained in the Truth in lending Act, Fair Credit reporting Act. I totally repudiate this deduction from Ally Bank as their decision is not supported by any federal law, any federal code. It is not contained in the fair credit law, nor the Equal credit opportunity Act. Add that I complete a credit application, do not apply to create a loan and less fill out a loan application, complete a credit application to make an Extension Credit to my name 15 USC 1602 ( I ). And according to 15 USC 1602 ( h ) I did not give authorization for any agency, non-federal, without authority to decide for me, to issue a defamation judgment against my name and this would result in the refusal to complete the Credit Extension. That is a misrepresentation. The Score and the credit score is not a federal law and it is not sustainable to deny a Credit Extension, the score is an invention that banks adopted to confuse the consumer with what really is credit. 15 USC 1602 ( f ) The term credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment. I do not recognize what you call a credit report, much less a credit score. Both are just a camouflage so as not to show what credit really is. 

Consumer ( 11 ) Consumer means a cardholder or natural person to whom consumer credit is offered or extended. However, for purposes of rescission under 1026.15 and 1026.23, the term also includes a natural person in whose principal dwelling a security interest is or will be retained or acquired, if that person 's ownership interest in the dwelling is or will be subject to the security interest. 

( 11 ) Consumer means a cardholder or natural person to whom consumer credit is offered or extended. However, for purposes of rescission under 1026.15 and 1026.23, the term also includes a natural person in whose principal dwelling a security interest is or will be retained or acquired, if that person 's ownership interest in the dwelling is or will be subject to the security interest. For purposes of 1026.20 ( c ) through ( e ), 1026.36 ( c ), 1026.39, and 1026.41, the term includes a confirmed successor in interest. 

( 12 ) Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes. 

Nothing prevented them from completing the transaction.

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