Consumer complaint received 2024-12-05 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: WELLS FARGO & COMPANY
State: NJ

Complaint narrative:
Subject : Notice of Violations of the Fair Credit Reporting Act ( FCRA ), 15 U.S.C. 6802, and Related Claims To Whom It May Concern : This letter serves as formal notice that Wells Fargo is in violation of the Fair Credit Reporting Act ( FCRA ) by knowingly and willfully furnishing inaccurate and incomplete information on my credit report. This reporting has caused me harm, damage, and injury, both financially and reputationally. Despite my efforts to bring these inaccuracies to your attention on multiple occasions, your continued reporting of false and misleading information constitutes willful negligence. Violations of the Fair Credit Reporting Act ( FCRA ) Under the FCRA, data furnishers are required to maintain accurate and complete records. By continuing to report inaccurate information despite my disputes, you are in breach of your obligations under this law. Your false claims that the account being " charged-off '' without providing any documentary evidence ( IRS Form 1099-C ) further demonstrates your failure to conduct your business practices in honor and good faith. Additionally, you are in violation of 15 U.S.C. 6802, which provides me the right to opt out of having my private data and intellectual property shared without my consent. Your continual use, and dissemination of my personal and private information constitute a violation of my rights under this law. Grounds for Identity Theft : You have no authorization or consentwhether written or otherwiseto use or possess my private data and intellectual property without just compensation to me. By continuing to act without such authorization, your actions constitute grounds for identity theft, and I demand that you immediately cease all such activity. Fifth Amendment Takings Clause : By misusing my private intellectual property for your benefit, you are in violation of the Fifth Amendment Takings Clause. Your actions amount to unjust enrichment, as you are deriving public gain from the harm, damage, and injury caused to me. I demand immediate compensation for these violations. Erroneous Reporting of Charged-Off Account : Regarding the charged-off account you are furnishing, I have not received an IRS Form 1099-C from you to confirm such status. Without this evidence, the furnishing of the charge-off is false, misleading, and without basis. Furthermore, your continued furnishing of this erroneous trade-line has defamed my character and caused significant harm. The statement that the account has been " charged-off '' is also false and misleading, as you have provided no documentary evidence to support this claim. I demand that all furnishing of this charged-off account be deleted immediately to remedy your inaccuracies and incompleteness. Fee Schedule for Violations : Be advised that I am seeking compensation for these violations at the following rates, which are cumulative : {$1000.00} per violation of the FCRA, 15 U.S.C. 1681 et seq. {$2500.00} per unauthorized use or dissemination of my private data under 15 U.S.C. 6802. {$5000.00} per act of defamation resulting from your false reporting. Supporting Case Law To substantiate my claims, I reference the following : XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  : Establishing the requirement for accuracy in reporting under the FCRA. XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  : Addressing willful violations of the FCRA. FTC XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX  ) : Unauthorized dissemination of private data. Immediate Actions Demanded : Immediately delete all inaccurate and incomplete information being furnished to any and all credit reporting agencies. Provide written confirmation that the deletion has been completed. Cease all unauthorized use and possession of my private data and intellectual property. Immediately compensate me {$8500.00} USD for harm, damage, and injury caused by your actions. Failure to comply within 15 days of receipt of this letter will leave me no choice but to pursue all available legal remedies.

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