Consumer complaint received 2023-01-06 00:00:00
Product: Credit reporting, credit repair services, or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: Monarch Recovery Holdings, Inc.
State: CA

Complaint narrative:
Notice to agent is noticed to principle, notice to principle is notice to agent To my knowledge XXXX and XXXX allowed first premier bank to post this information without my consent by not delivering a notification to the consumer violating his personal information. Now my understanding anyone who violates the consumers privacy without notifying the consumer is called fraud, 15 U.S. Code 1681q - Obtaining information under false pretenses Any person who knowingly and willfully obtains information on a consumer from a consumer reporting agency under false pretenses shall be fined under title 18, imprisoned for not more than 2 years, or both. I have addressed this issue to the CFPB, and the issue was transfer to the Federal Trade Commission which this notification was never given proper notification to the consumer I have rich out to the XXXXXXXX XXXX XXXX  XXXX in regarding this issue which this issue has been ignored and mislead I have tried to contact the Federal Reserve Bank XXXX XXXX to address the issue I continuously has leave messages. I have reappealed My dispute until present day I have not received a noticed by mail from the Federal Reserve of XXXX. XXXX XXXX XXXX has violated my personal information by selling my information to a recovery agency by the name of monarch recovery. My understanding to this regulation is that 15 U.S. Code. 1681s2, Responsibilities of furnishers of information to consumer reporting agencies. Follow with 15 U.S. Code 1666a - Regulation of credit reports is Reports by creditor on obligors failure to pay amount regarded as billing error After receiving a notice from an obligor as provided in section 1666 ( a ) of this title, a creditor or his agent may not directly or indirectly threaten to report to any person adversely on the obligors credit rating or credit standing because of the obligors failure to pay the amount indicated by the obligor under section 1666 ( a ) ( 2 ) of this title, and such amount may not be reported as delinquent to any third party until the creditor has met the requirements of section 1666 of this title and has allowed the obligor the same number of days ( not less than ten ) thereafter to make payment as is provided under the credit agreement with the obligor for the payment of undisputed amounts. Reports by creditor on delinquent amounts in dispute ; notification of obligor of parties notified of delinquency If a creditor receives a further written notice from an obligor that an amount is still in dispute within the time allowed for payment under subsection of this section, a creditor may not report to any third party that the amount of the obligor is delinquent because the obligor has failed to pay an amount which he has indicated under section 1666 ( a ) ( 2 ) of this title, unless the creditor also reports that the amount is in dispute and, at the same time, notifies the obligor of the name and address of each party to whom the creditor is reporting information concerning the delinquency. Reports by creditor of subsequent resolution of delinquent amounts A creditor shall report any subsequent resolution of any delinquencies reported pursuant to subsection to the parties to whom such delinquencies were initially reported. my understanding 1-103. Construction of XXXX XXXX XXXX to Promote its Purposes and Policies : Applicability of Supplemental Principles of Law. The XXXX XXXX XXXX must be liberally construed and applied to promote its underlying purposes and policies, which are : ( 1 ) to simplify, clarify, and modernize the law governing commercial transactions ; to permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and ( 3 ) to make uniform the law among the various jurisdictions. Unless displaced by the particular provisions of the XXXX XXXX XXXX, the principles of law and equity, including the law merchant and the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other validating or invalidating cause supplement its provisions. Also, my understandings in regarding to XXXX XXXX XXXX XXXX - XXXX liability for negligent noncompliance In general Any person who is negligent in failing to comply with any requirement imposed under this subchapter with respect to any consumer is liable to that consumer in an amount equal to the sum of ( 1 ) any actual damages sustained by the consumer as a result of the failure; and ( 2 ) in the case of any successful action to enforce any liability under this section, the costs of the action together with reasonable attorneys fees as determined by the court. ( b ) Attorneys fees on a finding by the court that an unsuccessful pleading, motion, or other paper filed in connection with an action under this section was filed in bad faith or for purposes of harassment, the court shall award to the prevailing party attorneys fees reasonable in relation to the work expended in responding to the pleading, motion, or other paper.

Company response to consumer: Closed with explanation