Consumer complaint received 2024-05-16 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Problem with a company's investigation into an existing problem — Their investigation did not fix an error on your report
Company: Experian Information Solutions Inc.
State: IL

Complaint narrative:
12 US Code 1431 ( b ) Issuance of XXXX XXXX XXXX XXXX XXXX  debentures ; Restrictions The office of finance as agents for the ( banks ), may issue consolidated ( XXXX XXXX XXXX XXXX  ) debentures which shall be the joint and several obligations of all ( XXXX ) organized and existing under this chapter, in order to provide funds for any such ( bank ) or banks and such debentures shall be issued upon such terms and conditions as such office may prescribe. 

XXXX as used in this chapter ( 1 ) ( A ) Bank. The term XXXX XXXX XXXX XXXX  or Bank means a bank established under the authority of this chapter. ( B ) Bank system. The term XXXX XXXX XXXX XXXX  XXXX means the XXXX XXXX XXXX XXXX under the supervision of the Director.

Director as used in this chapter ( 11 ) Director. The term Director means the Director of the XXXX XXXX XXXX XXXX. 

Debenture ( debt instrument ) in corporate finance a debenture is a medium to long term debt instrument used by large companies to borrow money at a fixed rate of interest .The legal term debenture originally referred to a document that either creates a debt or acknowledges it. 

In summary the banks borrowed your information and submitted it for some money without your consent which is I.D theft and now trying to put interest on it to make money. 

12 US CODE 1431e ) Acceptance of deposits ; restrictions on transaction of banking business ; collection and settlement of checks, drafts, etc. ; charges ; rules and regulations ( 1 ) Each XXXX XXXX XXXX XXXX  shall have power to accept deposits made by members of such bank or by any other XXXX XXXX XXXX XXXX  or other instrumentality of the United States, upon such terms and conditions as the Director may prescribe, but no XXXX XXXX XXXX XXXX shall transact any banking or other business not incidental to activities authorized by this chapter. 

So if you get a loan from the bank they get all your information you give them consent to your credit card which is your social security # and then turn around and they give your information to the office of finance or whomever for the loan without your consent Thats identity theft and they mislead you so there true intention of the transaction is false which is a violation under 15 US Code 1611 whoever willfully and knowingly 15 us code 1611 ( 1 ) gives false or inaccurate information they willfully and knowingly lied bc they know they can not themselves out of their bank account give you money for the loan. 

Also a violation under 15 us code 1681eb Whenever a consumer reporting agency prepares a consumer report it shall follow reasonable procedures to assure maximum possible accuracy of the information concerning the individual about whom the report relates. 
This bank is reporting to the agencies that they gave me a loan when they cant lend money so now it is not being reported 100 % accurate and must be removed.

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 non-monetary relief