Consumer complaint received 2023-12-20 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Getting a credit card — Application denied
Company: JPMORGAN CHASE & CO.
State: PA

Complaint narrative:
The notice XXXX  sent explaining my denial is also incorrect. XXXX  stated that the obligations too high relative to income. When XXXX XXXX XXXX clearly states ( a ) Except as otherwise provided in this subtitle, gross income means all XXXX  from whatever source derived, including ( but not limited to ) the following items : XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX 

So, no I don't understand why you intend to steal my registered security from me when you're holding and trading it as XXXX XXXX on The XXXX XXXX XXXX XXXX. When The trusts collateral is a revolving pool of XXXX dollar-denominated XXXX  and XXXX credit card receivables, generated by personal accounts, and originated or acquired by JPM Chase Bank XXXX XXXX and you choose not to XXXX me access as the proper record holder of my security in XXXX  possession. 

THE COMPANY DID WHAT THEY  SAID THEY  WOULD DO WITH MY COMPLAINT They did not. Instead, they chose to violate XXXX XXXX XXXX XXXX. Which states : XXXX Federal Reserve XXXX XXXX make application to the local Federal Reserve XXXXXXXX for such amount of the Federal Reserve notes hereinbefore provided for as it XXXX require. Such application shall be accompanied with a tender to the local Federal Reserve XXXX  of collateral in amount equal to the sum of the Federal Reserve notes thus applied for and issued pursuant to such application. The collateral XXXX  thus offered shall be XXXX XXXX XXXX XXXX XXXX XXXX XXXX acquired under section XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX of this title, or bills of exchange endorsed by a member bank XXXX XXXX Federal Reserve XXXX and purchased under the provisions of sections XXXX and XXXX to XXXX of this XXXX, or bankers acceptances purchased under the provisions of said sections XXXX and XXXX to XXXX of this XXXX, or XXXX XXXX XXXX XXXX XXXX XXXX XXXX or any obligations which are direct obligations of, or are fully guaranteed as to principal and interest by, the XXXX XXXX or any XXXX  thereof, or assets that Federal Reserve banks XXXX purchase or hold under sections XXXX and XXXX to XXXX of this title or any other asset of a Federal Reserve bank. In no event shall such collateral security be less than the amount of Federal Reserve notes applied for. The Federal Reserve XXXX shall each day notify the XXXX XXXX XXXX XXXX XXXX Federal Reserve XXXX of all issues and withdrawals of Federal Reserve notes to and by the Federal Reserve bank to which XXXX  is accredited. The XXXX XXXX XXXX XXXX XXXX XXXX Federal Reserve XXXX XXXX at any time call upon a Federal Reserve bank for additional security to protect the Federal Reserve notes issued to it. Collateral shall not be required for Federal Reserve notes which are held in the vaults of, or are otherwise held by or on behalf of, Federal Reserve banks. 

Where the civil penalty supported by XXXX XXXX XXXX XXXX, is still active. Penalties totaling {$970000.00} from the initial date of denial on XX/XX/2023. So If that's the case, why do you think It's fair to violate my rights to credit?

Company response to consumer: Closed with explanation