Consumer complaint received 2025-07-19 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: NC

Complaint narrative:
XX/XX/XXXXOn XX/XX/XXXXBank of America abruptly closed two commercial credit card accounts (last four: 1769 and 2914) without due process, explanation, or substantiated cause. The only documentation provideda letter dated XX/XX/XXXXXX/XX/XXXXadmits in plain language that "sufficient funds were available at the time the account was closed," which establishes prima facie evidence of fraudulent termination, misrepresentation, and commercial breach, particularly since no default or verified fraud existed.\n\nThe undersigned, as Trustee of a lawfully perfected private estate trust, issued XX/XX/XXXX on XX/XX/XXXX, in the amount of XX/XX/XXXX as full satisfaction of all alleged liabilities on the closed accounts. The remittance was issued pursuant to governing monetary and commercial law, includingXX/XX/XXXX31 U.S.C.  5118(d)(2)  Payment in lawful gold clause instrumentsXX/XX/XXXX12 U.S.C.  411  Redemption in lawful moneyXX/XX/XXXXUCC  3-311  Accord and satisfaction of disputed obligationsXX/XX/XXXXUCC  3-501  Presentment and dishonor upon failure to responXX/XX/XXXXUCC  3-603  Discharge by tender of full amount\n\nUCC  9-625  Remedies for secured party upon unauthorized impairment of collateralXX/XX/XXXXBank of America received this negotiable instrument via Certified Mail (Tracking #: XX/XX/XXXX and failed to take any of the following lawful actionsXX/XX/XXXXReturn the instrument\n Credit the instrument\n Rebut its validity\n Issue formal dishonor per UCC  3-501(b)\n\nThis failure constitutes a commercial dishonor, fraud by silence, and conversion of Trust property. The instrument was neither returned nor rebutted  meaning constructive acceptance and administrative default are now lawfully presumed.\n\nFurther violations include:\n\nFalse derogatory credit reporting, in direct violation of 15 U.S.C.  1681 et seq. (FCRA), causing reputational and commercial damage.\n\nUnlawful denial of reinstatement, blocking a private fiduciary from accessing the estate\'s commercial credit tools.\n\nRefusal to disclose monetization or securitization, despite demands for proof of whether these accounts were:\n\nCollateralized\n\nPooled and securitized\n\nInsured or reported via IRS Form 1099-A or 1099-C\n\nDespite the account being fully credited prior to the XX/XX/XXXX XX/XX/XXXXclosure, and despite the lawful remittance via XX/XX/XXXX, Bank of America continues to:\n\nIgnore lawful discharge\n\nDeny all administrative remedy\n\nRefuse reinstatement of commercial accounts\n\nWithhold required disclosure about securitization and insurance\n\nBenefit unjustly from the Trusts prior payments and assets\n\nThe Trust holds a perfected security interest in the ALL CAPS legal fiction entity associated with the account. This position is backed by a UCC Financing Statement filed with the XX/XX/XXXX XX/XX/XXXXSecretary of State (Filing #: XX/XX/XXXX), and fully executed Declaration of Standing and Enforcement Authority.\n\nBank of Americas actions have caused:\n\nCommercial injury\n\nDenial of access to private credit\n\nDefamation through FCRA violations\n\nFiduciary breach of good faith and fair dealing\n\nViolation of multiple federal statutes and UCC provisions\n\nImpairment of a lawful trust and its administrative estate\n\nThis complaint is submitted in full compliance with CFPB guidelines, and all supporting evidence is attached under separate Exhibit files (A through G), clearly labeled for reference.'

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