Consumer complaint received 2023-12-29 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: NJ

Complaint narrative:
On XX/XX/XXXX, I got a respond from XXXX XXXX AMERICAN EXPRESS Customer Advocate Team application # XXXX ; stating that they make sure all " credit worthy applicant '' have access to credit and follow all Federal Laws and Regulations. But how are they following All Federal Regulations when pursuant to Equal Credit Opportunity Act ( ECOA ) 15 U.S Code 1691 ( a ) ( 1 ) ( 3 ) says " It shall be unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction : ( 1 ) on the basis of race, color, religion, national origin, sex or marital  status, or age ( provided the applicant has the capacity to contract ) ; ( 3 ) because the applicant has in good faith exercised any right under this chapter. '' " I, the Natural Living Man and consumer declares under the Laws of the United States of America that I am a I do have the " capacity to contract and the application was issued in good faith exercising my right for extension of credit. '' American Express used hearsay information from a third-party non affiliated credit reporting agency which they can not validate to determine my credit worthiness ; that is " discrimination '' against me and violation of the " Equal Credit Opportunity Act '' ECOA and Consumer Credit Protection Act to proclaim an adverse action against a consumer. No where in the ECOA or any Federal Laws did Congress authorized any alleged creditors to use third-party information that said credit

or can not validate as a determining factor for extension of credit. Congress itself can not validate Consumer Reporting Agencies Reports which is they enacted the " Fair Credit Reporting Act '' FCRA to hold these corporations accountable because consumers are violated daily with inaccurate reporting of information.

American Express also stated that its decision was in accordance with Federal Laws and Regulations, which is false, misleading and deceptive. Pursuant to 12 CFR Part 1002 - Equal Credit Opportunity Act ( Regulation B ) " Regulation B protects applicants from discrimination in any aspect of a credit transaction.

Credit transactions and aspects of credit transactions include : Consumer credit Business credit Mortgage loans Refinancing Open-end credit Credit applications Standards of creditworthiness Denial of credit Servicing and collection Revocation, alteration, or termination of credit..

It is also a Federal Offense pursuant to 15 U.S. Code 1611 ( 1 ) ( 3 ) - Criminal liability for willful and knowing violation : Whoever willfully and knowingly ( 1 ) gives false or inaccurate information or fails to provide information which he is required to disclose under the provisions of this subchapter or any regulation issued thereunder, ( 3 ) otherwise fails to comply with any requirement imposed under this subchapter, shall be fined not more than {$5000.00} or imprisoned not more than one year, or both.

AMERICAN EXPRESS is willfully and knowingly providing me with false and inaccurate information and denying me extension of credit after they have securitized my application and received full valuable consideration from the trust for said loan receivable collateral. This is all verified in AMERICAN EXPRESS Securities and Exchange Commission Form 10-K agreement filing Commission File NoXXXX XXXX, ( I.R.S. Employer Identification No. ) XXXX This is a violation of the Securities Exchange Act of 1934, Securities Act of 1933 and organized crime against the American People. 

AMERICAN EXPRESS is securitizing the loan receivables, receiving full valuable consideration from the trust, but denying me access to my securities. This is SECURITIES FRAUD.

Company response to consumer: Closed with explanation