Consumer complaint received 2024-02-20 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: AMERICAN EXPRESS COMPANY
State: VA

Complaint narrative:
As the entitlement holder and a federally protected consumer, I believe there has been a misrepresentation of parties and facts. I purchased/tendered a debt/investment security on XX/XX/XXXX, and XX/XX/XXXX ( Reference numbers XXXX and XXXX, respectively ) and have received no benefit or performance by American Express Company or XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX after accepting the online solicitation made by online application. 

I am seeking a fiduciary action for the misrepresentation of parties that appears to be afoot causing harm, damage, and loss to me, the consumer, as I have entrusted my note with the financial institution and securities intermediary in a good faith exchange. I invoke the right of information as I have twice been denied an extension of credit after accepting and giving valuable consideration to the American Express offer in exchange for the use of products and services while receiving no benefit or due performance. I demand a fiduciary remedy in the form of reconsideration of the credit sales I authorized. 

Per the AMERICAN EXPRESS COMPANY AND XXXX XXXX XXXX XXXX XXXX XXXX  - Trustee - Senior Indenture - Dated as of XX/XX/XXXX - Section 11.06 Conformity with Trust Indenture Act : Every supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect and the definition of underwriter in the Trust Indenture Act of 1939 ( See Trust Indenture Act of 1939 ), would please explain how an artificial intelligence scoring model, per the American Express Companys registered prospectus, is deemed to have any relevance in determining the risk it assumes in this private consumer credit transaction or how it gave any valuable consideration if the definition and job of the underwriters are to assume the risk and purchase the securities. 

Furthermore, please cite, in detail, the key determining factors that determined the creditworthiness and the definition of creditworthiness for this private consumer transaction and credit sale. Credit is right granted. The application is where I granted it. As Entitlement Holder, I cant be denied through discriminatory means such as income or rating due to the above definition and the fact that the credit score is a rating for the underwriters to decide how much to discount my note at the Federal Reserve Window. 

American Express Company and XXXX XXXX XXXX XXXX XXXX XXXX, as securities intermediary, have my highly fungible, highly liquid, cash equivalent tendered investment securities, with blank endorsements, granting American Express Company and the XXXX XXXX XXXX XXXX XXXX, as securities intermediary, unlimited rehypothecation and expansion on the notes while receiving all proceeds and benefits without giving due performance or just compensation. 

I purchased debt securities intending to outsource the debt to the underwriting market while expecting to utilize the products and services offered and to receive payments on the principal, premium, and interest. Due to American Express Company and XXXX XXXX XXXX XXXX XXXX XXXX, as securities intermediary, holding my notes as XXXX, I behest performance per regulations governing securities transfer agents. 

As the registered securities transfer agent/intermediary, XXXX XXXX XXXX XXXX XXXX XXXX  XXXX XXXX the debtor in possession, shall have no right to assert a claim as they are the purchaser for the value of my notes and the securities they represent, and as the holder has incurred the liability to me, the original issuer. XXXX XXXX XXXX XXXX XXXX XXXX as securities intermediary is obligated to the entitlement holder for a payment or distribution made by the issuer of a financial asset if the securities intermediary receives the payment or distribution. 

Per the AMERICAN EXPRESS ISSUANCE TRUST II ( as Issuer ) and XXXX XXXX XXXX XXXX XXXX XXXX  ( as Indenture Trustee and as Securities Intermediary ) THIRD AMENDED AND RESTATED INDENTURE DATED AS OF XX/XX/XXXX and by granting American Express Company a gratuitous offer through the investment security purchase money loan, there was a transfer of interest into the above-mentioned trust that was absent of consideration, which has created a usufruct. 

This will serve as sufficient delivery of my notice for assertion in the property interest, as well as my expression of subrogation and substitution as implied surety on behalf of the principal debtor, American Express Company, and the demand for recoupment/reimbursement/payment of the senior indebtedness, proceeds, rights, titles, interest, futures, premiums, profits, dividends, principals, and insurance policies arising from any transaction through XXXX XXXX XXXX XXXX XXXX XXXX  XXXXs holder and securities transfer agent/intermediary. 

The presumption that I have abandoned any beneficial ownership, have pledged and/or abandoned my property interest, or have elected to act as an accommodation party for American Express Company and/or The Bank of New York Mellon XXXX XXXX XXXX XXXX, in its funding strategy enumerated in the American Express 10K form , the Prospectus referenced above, and all related indentures hereby stands rebutted. As the grantor/entitlement holder, this was never my intent. 

Given the foregoing and for a fiduciary remedy for the lack of consideration afoot, I demand the immediate opening of an American Express XXXX XXXX XXXX with no preset spending limit, to be shipped overnight, and all the payment of all senior indebtedness, principals, premiums ( if any ), and interest due in the form of a check for certified funds to the address below. 

I express and intend to hold harmless and indemnify all fiduciaries, who diligently work in good faith to remedy this affair on my behalf, against all costs, expenses, damages, harm, loss, or liabilities incurred, arising out of or in connection with the acceptance or administration of this trust and performance or in connection with the exercise or performance of any of their powers or duties hereunder. 

I shall not proceed with the filing of complaints or suits with the appropriate regulatory agencies should we be able to come to an amicable agreement as I intend to become a long-time silent investor and consumer of the American Express Brand XXXX Notwithstanding the foregoing, Holders shall have an absolute right to receive payment of the principal of, and interest on, their Notes when due, and to institute suit to enforce any such payment. 

Should there be any reason for the nonperformance of the demand, please send a response in writing by registered or certified mail within five ( 5 ) business days citing, applicable regulatory agency regulations, and all applicable laws as the basis for the rebuttal to the address on file to include : 1. ) A certified copy of the application/tendered investment security. 
2. ) A certified copy of The Money Net Daily Transaction Report Log 120 ( reflecting the relevant accounting for the subject matter discussed ). 
3. ) All CUSIP numbers associated with the investment securities tendered, and any CUSIP number for any series, class, or tranche of notes related to the securities. 

Also provide in the response the name, position, and contact information of the individual who is the duly authorized representative from American Express Company, who has carried out due diligence under The Money Laundering Regulations Act of 2017, and what actions s/he has taken concerning this matter documented in a sworn and certified copy of the original affidavit from said individual. 

As we have created a taxable event and should American Express Company and TXXXX XXXX XXXX XXXX XXXX XXXX fail to return equity for my benefit, it will be recognized as a confession of a taxable termination. American Express Company and XXXX XXXX XXXX XXXX XXXX XXXX shall be held liable for the taxes as the confessed trustee of this usufruct relationship created. Please send all appropriate 1099 forms to the above address so that we may all stay in compliance with the IRS.

After the five ( 5 ) business days American Express Company and The Bank of New York Mellon will have an additional five ( 5 ) business days to go before an arbitrator and explain their plight as to why there was a failure to respond in the five ( 5 ) business days given. After which, it is acquiescence by tacit agreement that American Express Company and The XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  and all parties agree to the above claim and violations. Please include the name. position and contact information of any respondent to ensure compliance and efficiency of subsequent complaints, claims, and suits that may be filed. 

American Express Company and XXXX XXXX XXXX XXXX XXXX XXXX  should resort to immediate procedures to remedy this affair and compensate me for the benefits American Express National Bank has received without due performance. 

Otherwise, the solicitation of products and services through the Prospectus dated XX/XX/XXXX, Form 10k filed XXXX of XXXX for the American Express Company, and by online application would appear to be a securities scheme and artifice, intended to mislead and deceive investors and consumers through several ethics violations, false advertising, false and deceptive trade practices, sabotage, a mockery of honest services, misrepresentation and misappropriation of funds, breach of trust, identity theft, extortion, conspiracy, RICO, securities fraud, anti-trust law violations, anti-money laundering violations, and tax evasion for the unjust enrichment of American Express Company, its employees, successors, and assigns. 

Any lack of performance would appear to resist everything the American Express Brand, Service, Excellence, and its key assets and attributes trust, security, and serviceclaim to be.

Take notice of the attached cited information as a reference for this Act of Holder.

The fiduciary of this document has permission to forward this document to the appropriate departments and employees for appropriate and priority fiduciary remedy if necessary. 

Thank you for your prompt attention and priority response to this matter. I look forward to establishing a lasting relationship with your company.

Company response to consumer: Closed with explanation