Consumer complaint received 2024-02-26 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:
I, XXXX XXXX, entitlement holder and consumer with equitable title, seek an immediate fiduciary remedy for the misrepresentation of parties that appears to be afoot causing me harm, damage, and loss as I have entrusted my financial asset with American Express National Bank, the securities intermediary, in a good faith exchange. I invoke the right of information as I have twice been denied an extension of consumer credit ( Reference numbers XXXX and XXXX, respectively ) after accepting online solicitation and returning valuable consideration to the American Express National Banks 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 consumer credit sales I authorized. 

American Express National Bank, as the securities intermediary, has my highly fungible, highly liquid, cash equivalent tendered investment securities, entered as book entries, with blank endorsements, granting American Express National Bank, as the securities intermediary, unlimited expansion on the financial assets I exchanged allowing it to receive all proceeds and benefits without giving due performance or just compensation. 

As this is a consumer transaction, and per American Express Senior Indenture, American Express Third Supplemental Indenture, The Trust Indenture Act of XXXX, the XXXX XXXX XXXX XXXX, Office of the Comptroller of the Currency, the Uniform Commercial Code, the Federal Deposit Insurance Corporation , The Equal Credit Opportunity Act, The Federal Reserve Act, the Bank Secrecy Act, the Securities Exchange Act of 1934, the Federal Trade Commission , and the Internal Revenue Service , provide a list of the detailed determining factors the Director of the Treasury and U.S. Banking Controllership of American Express National Bank used to determine the creditworthiness of the consumer/entitlement holder to include cited sources and the definition and of creditworthiness for this private consumer transaction. 

Per the American Express Company and the XXXX XXXXXXXX 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, explain how an artificial intelligence scoring model, per the American Express Company Prospectus ( Registration No. XXXX ), 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. 

This will serve as sufficient delivery of my notice for the assertion of adverse claim in the property interest, as well as my expression of subrogation and substitution as implied surety on behalf of the principal debtor, American Express National Bank, and the demand for performance and remedy by the issuing of a charge card device for consumer purposes and the recoupment/reimbursement/payment of the senior indebtedness, proceeds, rights, titles, interest, futures, premiums, profits, dividends, principals, and insurance policies arising from any transaction through American Express National Banks , as holder and securities transfer agent/intermediary.

I revoke all powers of attorney granted voluntarily or involuntarily, by either implied or constructive conditions, that may have or may not have been expressed through written, verbal, or otherwise communication to American Express National Bank, to include all successors, assigns, employees, affiliates, agents, attorneys, consultants, associates, and partners, effective the XXXX of XX/XX/XXXX at XXXX EST. 

Under the Privacy Act of XXXX and the Gramm-Leach-Bliley Act, I also opt out of all third-party affiliates and the buying, sharing, or selling of personal information, not to include the necessary government, regulatory, and financial agencies required in the ordinary course of fiduciary duties, I may have granted to American Express National Bank, its successors , and assigns effective immediately.

The presumption that I have abandoned any beneficial ownership, have gifted, pledged, and/or abandoned my property interest in the security entitlements, or have elected to assent and act as accommodation party for American Express National Bank XXXX as the securities intermediary, in its funding strategy enumerated in the American Express Company Prospectus ( Registration No. XXXX ), all related SEC filings, and all American Express Company trust indentures hereby stand rebutted. As the grantor, this was never my intent. 

As the registered securities transfer agent/intermediary, American Express National Bank XXXX the debtor in possession, shall have no right to assert a claim as they are the purchaser for the value of my security entitlements and the securities they represent, and as the holder they have incurred the liability to the original issuer and entitlement holder. American Express National Bank, as the securities intermediary, is obligated to make a payment or distribution made by the issuer of a financial asset if the securities intermediary receives the entitlement order, payment, and/or distribution instructions from the appropriate person and it is to give priority performance in its duties to the entitlement holder and the entitlement holder shall exercise its rights in a commercially reasonable manner. 

I intend to hold harmless all fiduciaries, who efficiently and 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. 

Should there be any reason for nonperformance of the demand, a senior XXXXxecutive of the Treasury Department or the accountable officer for the day of American Express National Bank shall send a response in writing by facsimile transmission, or postmarked certified mail within three ( 3 ) business days citing applicable regulatory agency regulations, and all applicable laws as the basis for the rebuttal to address on file to include : 1. ) Certified copies of all transaction documents in the name of the entitlement holder, XXXX XXXX. 
XXXX. ) The original application/tendered investment security/financial asset. 
XXXX. ) A certified copy of The Money Net Daily Transaction Report Log XXXX ( reflecting the relevant accounting for the named entitlement holder ). 
XXXX. ) All CUSIP numbers associated with the named entitlement holder and investment securities tendered, including any CUSIP number for any series, class, or tranche of notes related to said securities. 

Also provide in the response the name, position, and contact information of the individual who is the duly authorized representative from American Express National Bank, who has carried out due diligence under The Money Laundering Regulations Act of XXXX, 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 National Bank, as the securities intermediary, fail to return equity for my benefit, it will be recognized as a confession of a taxable termination. American Express National Bank shall be held liable for the taxes as the confessed trustee of this usufruct relationship created. 

Send all 1099 forms and certified copies of all tax documents filed in the name of the entitlement hold to the above address so that we may all stay in compliance with the IRS. 

American Express National Bank should resort to immediate procedures to remedy this affair and compensate the named Entitlement Holder for the benefits American Express National Bank, its successors, and assigns have received without due performance. 

Otherwise, American Express National Banks blatant disregard for due performance and the lack of adherence to its governance as stated in the named Trust Indenture and Prospectus would appear to be a securities scheme and artifice, intended to mislead and deceive investors and consumers utilizing 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, XXXX, securities fraud, anti-trust law violations, anti-money laundering violations, and tax evasion for the unjust enrichment of American Express National Bank, its employees, successors, and assigns, due to the Entitlement Holder receiving no disclosure nor consenting to the transfer of my financial asset. 

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 sources as a reference for this entitlement order. 

Thank you for your prompt attention and priority response to this open communication matter. I look forward to establishing a lasting relationship with American Express National Bank, its successors, and its assigns. 

Let no harm be done as I have offered the only claim upon which relief can be granted, done in good faith with a good conscience for a good reason, and with clean hands relying upon sound doctrines and principles with intent and purpose to be true, accurate, and peaceful. 

Void where prohibited by law.

Company response to consumer: Closed with explanation