Consumer complaint received 2024-08-14 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: DISCOVER BANK
State: MO

Complaint narrative:
To whom this present may come across my name is XXXX XXXX. I am sending this compliant in good faith and with clean hands ... XXXX XXXX, Discover Bank and XXXX XXXX is willful-Noncompliance with not crediting my account for my tender of payment I am making. I have 4 accounts with XXXX XXXX XXXX account with XXXX XXXX XXXX Discover Bank. In XXXX of XXXX, XXXX of XXXX I endorsed a bill of exchange for each of the these account. An as the holder in due course, I turned the payment coupon I received into a payment instrument as a tender of payment, therefore they are suppose to accept my bill of exchange, if not, the amount tendered is automatically discharge. ( UCC 3-601 - 3-603 ) If my under of payment was not accepted, I was supposed to receive a notice of dishonor but never received that. ( UCC 3-501 - 3-505 ). Instead, I received letters from them stating that have received my payment coupon which has been modified as a payment instrument but they are not going to accept it. It appears that are forcing to make tender of payment for a debt in a specific form and according to the US Constitution no one can debt a payment of debt in any form but gold and silver and I am fully aware that gold and silver can not be accepted as payment for debt because we are still in a state of emergency since the XXXX. In addition, I am also where that US Government is backed by the credit of the nation, we the people, so I also and in this compliant want to ask or I have asked XXXX XXXX, Discover Bank and XXXXXXXX XXXX  who funded this account? me or did bank did? and I never received a response by way of a notice. I hope CFPB can get this answer. I am believe fraud is being commit and that I am being swindled and force into paying with gifts via Federal Reserve Notes to XXXX XXXX, Discover and XXXX XXXX XXXX every month for my open ended credit account even though I already provided my credit application and the collateral ( Federal Reserve Act Section 16 ) which is sufficient setoff these accounts every month. I'm requested that I receive the Federal Reserve Form 2046 and Federal Reserve Form 2644 I know that all banks are requires to fill out these forms for each account with the IRS and they. CFPB I hope you can get them to cooperate. They have been stealing securities and when I try to resolve the issue with them they don't want to cooperate ... I provided XXXX XXXX, Discover and XXXXXXXX XXXX with a securities interest and credit is only extended with securities as collateral, which is an obligation of the U.S. Government. XXXX XXXX, Discover and XXXXXXXX XXXX has accepted and retained my collateral for their benefit and I am not receiving valuable consideration for that security but I did receive an adverse action without any benefit. The consideration can not be minuscule consideration effectively masking a gift as a contract.. I became an investor into XXXX XXXX, Discover and XXXX XXXX XXXX where they then deposit that security/ application into a trust, XXXX XXXX XXXX Discover and XXXX XXXX XXXX XXXX XXXXXXXX XXXX XXXX XXXXXXXX XXXX thus gaining interest once transferred into the primary market until maturity. The principal and interest dividend payments are owed to me and should be deposited into my TREASURYDIRECT Account where it will become a savings bond.. XXXX XXXX XXXX Discover and XXXX XXXX XXXX XXXXXXXX is using the instrument I provided for their own benefit not allowing me to have any benefit whatsoever in return. XXXX XXXX should resort to reasonable procedures to rectify this affair and compensate me for the use of my securities. I am requesting access to my right to credit with the XXXX XXXX, XXXX XXXX Discover Bank, DISCOVER IT CARD and XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX as an open-ended credit card. Regardless of whatever I charge on my card, it will be taken care of per XXXX XXXX, DISCOVER BANK and XXXX XXXX XXXX process, your SEC filling forms, the Indenture with XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  as Trustee states, all money, U.S. Government Obligations deposited or received by the Trustee for the Securities of any series shall be held in trust for the benefit of the Holder that is entitled to the sum sufficient to pay the principal, premium, if any, and the interest, and will then be paid to the Holder. The Security Exchange Act of 1934 clearly states that credit is only extended with securities as the collateral, XXXX XXXX, Discover Bank and XXXX XXXX  saw fit to accept and retain my collateral for their own benefit. I am the issuer of this security, and fair exchange has never been robbery. If compliance with XXXX XXXX SEC fillings is not honored and continues with this adverse action I will have to contact the Securities Exchange Commission for violation of said agreement and I will expect the proceeds to be paid out to me via direct deposit to my Treasury Direct Account that will be provided. I hope we can come into a favorable agreement. Any response to this letter please send via mail and email. I look forward to hearing back from you and expectantly doing business with XXXX XXXX, Discover and XXXXXXXX XXXX Thank you for your time. THIS IS A COMPLAINT IS A NOTICE of OPPORTUNITY to CURE ; IF YOU DECIDE NOT TO PERFORM YOUR DUTIES, THEN AT THIS POINT I WILL BE FORCED TO OBTAIN A FORENSIC FINANCIAL AUDIT, CONTACT THE SECURITIES EXCHANGE, COMPTROLLER AND OTHER AGENCIES DEEMED NECESSARY FOR NON-COMPLIANCE AND SECURITIES FRAUD. '' Evidenced by your company 's structure and its repurchase agreements the crimes being committed are racketeering, tax evasion and securities fraud for which there are rewards for whistleblowers. Under the XXXX XXXX XXXX, Discover and XXXXXXXX XXXX agreed to not sell any securities on the secondary market.. Under the XXXX XXXX XXXX, Discover and XXXX XXXX agreed to not sell any securities on the secondary market ; but upon sale and transfer into Trust the regulations of the SEC do not apply because the Trust is considered foreign. This is where XXXX XXXX, Discover and XXXXXXXX XXXX you've been able to fly under the radar of the SEC by presenting the exact same securities on the secondary market as stated in the senior prospectus and which is evidenced by the CUSIP number. Pursuant to the XXXX XXXX, Discover and XXXXXXXX XXXX Credit Account Master Trust Amended and Restated Receivables Purchase Agreement XXXX XXXX, Discover and XXXXXXXX XXXX sold all of its rights, title and interest which means you can no longer collect on these accounts ; ; but XXXX XXXX, Discover and XXXX XXXX created a scheme to still collect as described in section 3.03 Use of Name, Logo and Marks. Where it says the Seller does hereby XXXX to the Purchaser a non-exclusive license to use the name XXXX XXXX XXXXXXXX XXXX Discover Bank and XXXX XXXX XXXXXXXX XXXX and all related identifying trade or service marks, signs, symbols, logos, designs, servicing software, customer lists and other intangibles in connection with the servicing of the Receivables purchased hereunder The license granted shall be co-extensive with the term of the Agreement. 
These are all deceptive practices. In the event any representation or warranty under Subsection 4.02 ( a ) ( ii ), ( iii ), ( iv ), ( vi ), ( vii ) or ( viii ) is not true and correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach the Purchaser is required under Subsection 2.05 ( a ) of the Pooling and Servicing Agreement to accept reassignment of such Receivables previously sold by the Seller to the Purchaser pursuant to this Agreement, the Seller shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01 ( b ) As an investor you are obligated to provide me with an Asset Representation Review which is being requested again for the record. Im not involved in any voluntary or involuntary bankruptcy actions ; and with that being said I request that you provide me with a replacement card which you claim payment was not made as referenced under Eligible Accounts ( E ). In regards to how this account will be maintained I understand that you will be issuing a series of notes every month which I will stamp pursuant to 31 CFR 328.5 & 328.6, endorse and send to the proper department which is? at the beginning of every billing cycle for satisfaction of any obligations. I look forward to hearing from you and would like to thank you for giving this matter your immediate time and attention.

Company response to consumer: Closed with explanation