Consumer complaint received 2023-12-20 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Closing your account — Company closed your account
Company: CAPITAL ONE FINANCIAL CORPORATION
State: MO

Complaint narrative:
In XXXX of XXXX closed both of my accounts, Capital One issued billing statements which by their Filed Pursuant to Rule 424 ( b ) ( 5 ) Registration no. XXXX, under the Securities Act of 1933 was a debt security in a bearer form and will have interest coupons attached, which I tried to use on my accounts. Based on their own guidelines " Bearer form '' securities are payable to whomever physically holds them. I had returned the debt to securities to Capital One for payment and crediting my revolving account. Instead, Capital One closed my account annotation restricted and zero out my available credit line and made negative reporting to the credit reporting agencies. 

Pursuant to the requirement of the Securities Act of 1933, as amended, Capital One Financial Corporation had certified it meets all the requirements on filing Form S-3 Registration Statements. These procedures are also listed in the applicable prospectus supplement. This was a false statement and a misrepresentation of its banking practices. 

I have become very aware of the power and duties of the bank and that my credit applications, a consumer credit transaction. According 12 U.S. Code 1431 - Powers and duties of banks is to borrow and give security therefore and pay interest thereon, to issue debentures, bonds, or other obligations upon such terms. I now have gained knowledge on how this whole process works. I understand that I performed poorly due to knowledge at the time of the opening of these credit card accounts. I do know that I am a minor within this account due to me not taking full qualification of my securities within the DTC. 

I also am aware that I am giving a definitive paper form ( dividends ) certificate of indebtedness, billing statement / coupons to use towards the payments of interest on this account. That can be special endorsed and used as a tender instead of FRNS according to the Bill of Exchange Act. A credit transaction is prepaid and can only be paid with interest which is technically the trustee/ bank duty and liability. Credit equivalent form is credit ( securities ). 

Also, I know Capital One go to the Federal Reserve window ( FR 2046 ) to receive my credit through my Treasury Direct, DTC linked account as my custodian and co-owner using a firm name which is my given name. So why is Capital One still asking for a debt that has been prepaid and also has received great revenue off of my accounts. I am supposed to be the issuing agent or paying agent due to my unlimited use of credits within securities. Capital One has been making them self-co-owner and receiving what's rightfully due to me. 


Capital One is in violation of the following United States Codes : 15 U.S. Code 78ff - Penalties, ( a ) Willful violations ; false and misleading statements ; ( b ) Failure to file information, documents, or reports; ( c ) Violations by issuers, officers, directors, stockholders, employees, or agents of issuers. 

18 U.S. Code 1348 - Securities and commodities fraud, Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both. 

18 U.S. Code 1341 - Frauds and swindles, Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses. 

18 U.S. Code 1348 - Securities and commodities fraud, Whoever knowingly executes, or attempts to execute, a scheme or artifice ( 1 ) to defraud any person in connection with any commodity for future delivery, or any option on a commodity for future delivery, or any security of an issuer with a class of securities registered under section 12 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l ) or that is required to file reports under section 15 ( d ) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78o ( d ).

Company response to consumer: Closed with explanation