Consumer complaint received 2024-03-20 00:00:00
Product: Vehicle loan or lease — Loan
Issue: Problems at the end of the loan or lease — Problem related to refinancing
Company: PENTAGON FEDERAL CREDIT UNION

Complaint narrative:
THIS IS INITIAL PART IS FOR CFPB. THIS IS NOT RELATED TO THE PREVIOUS COMPLAINT XXXX HELPING THIS COMPANIES! 

According to your comment on the previous complaint, " Your Social Security number is not a credit card under U.S. Code. Further, your letter makes the claim that you are the creditor, however, that is not correct ; PenFed is the creditor. We are under no obligation to approve a credit application in all incidences where a Social Security number is provided. Our decision concerning your credit request was based upon established lending guidelines without regard to race, color, religion, national origin, XXXX, marital status, age, whether any income was derived from a public assistance program, and whether any rights were exercised under the Consumer Credit Protection Act. We found no evidence to support your claims that we are violating numerous U.S. Codes and regulations, and we will not provide you financial compensation. Sincerely, XXXX XXXX XXXX XXXX, Consumer Lending Operations. 

I would like to know which US CODE is that? Since, I have a car loan with Penfed I want Penfed to show me proof of fund given to me when I got the loan using my promissory note ( see attached file ) Where the funds came from? I did show you the law on my previous complaint XXXX. XXXX will get paid instantly using commercial paper ( my promissory note & using my securities as collateral for the loan. According to : 15 U.S. Code 1691 - Scope of prohibition creditor ( e ) The term creditor means ANY PERSON who regularly extends, renews, or continues credit ; any person who regularly arranges for the extension, renewal, or continuation of credit ; or any assignee of an original creditor who participates in the decision to extend, renew, or continue credit I also want Penfed to deny or accept that my promissory note never got transferred to other banks, and SPECIALLY to their trustee, XXXX XXXX to prefect the security and sell my promissory note on primary and secondary markets. The problem here is that banks like this one and CFPB are paid companies to hide this fraud. Yes, I'm accusing Penfed of security fraud. I have proof of my securities were sold on primary and secondary markets without my consent. I also sent the promissory note to the XXXX XXXX trustee endorsed properly with bond paper, a proper stamp, and registered mail : XXXX, and is currently in transit to the trustee. Penfed never responded to my request to talk to me about this issue and ignored my request : XXXX According to 16 CFR 433.1, a creditor, A person ( it doesn't say bank or financial institution ) who, in the ordinary course of business, lends purchase money or finances the sale of goods or services to consumers on a deferred payment basis.

I posted here the law, and Penfed is ignoring federal over their own " policy, '' which can't be above any federal law. The funds went from the depositor to the depositor, the issuer, the indenture trustee, and the trustee. When the FIRST transfer was done from PenFed to the depositor using my OWN note ( MY FUNDS ) the loan was paid off. This is security fraud. I'm sure CFPB will cover you, but, I'm coming for you through arbitration or federal court. I'm coming for the trustee and the entire chain in the screenshot below. 


On top of the promissory note endorsed without recourse and paying to the order of : XXXX XXXX that is in transit, I submitted a XXXX also sent to the trustee for discharge of this debt, and I'm sure Penfed can't prove that they gave me the funds, and the funds did come from my ALL CAPS NAME. 

If Penfed was the lender,? Why is there no UCC1 on file to have interest on this asset with the state of SC?

See the attached file for proof of no UCC1 on file. Which means that there is no interest in the asset because the loan was paid off when you transferred the note multiple times all the way to the trustee and indenture trustee ( remember, I have proof ). Do you have proof that you didn't transfer the note? 

Show proof of funds! 

18 USC 8, which stipulates that all obligations and securities belong to the United States. Banks are only permitted to borrow and provide security, as outlined in 12 USC 1431, and they are obligated to repay us/me accordingly. Approve my loan immediately! 

Which law is backing your comment on the previous complaint? I did write the federal laws. This complaint and CFPB are helping companies like yours, and that is how this world is right now. 

Go ahead and reply with non sense reply and any laws backing your statement, like the previous one. I also revoked Penfed from managing all of my past and present securities and from depositing my securities in my XXXX account.This letter revoking all POAs also was sent to the IRS, following the IRS guidelines ( see attached file ) All those instructions were in the letter sent to the trustee, and with my promissory note, I created the funds for this loan and any loan with any bank using my ALL CAPS NAME and Social Security Card ( Credit ). 

XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX 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