Consumer complaint received 2024-05-13 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Improper use of your report — Reporting company used your report improperly
Company: NCB Management Services Inc.
State: MD

Complaint narrative:
I am writing to formally complain about inaccuracies and apparent non-compliance with U.S. Federal Law by NCB, Signal, and XXXX in their credit reporting activities. Based on my understanding, there seem to be multiple violations that undermine the integrity of my consumer report and my rights as a consumer. 

Firstly, it is my belief that the inclusion of certain transactional information between myself and the aforementioned parties in my consumer report contravenes 15 U.S.C. 1681a ( 2 ) ( a ) ( i ), which explicitly excludes information solely pertaining to transactions or experiences from the domain of consumer reporting. 

Furthermore, the furnishing of any data to consumer reporting agencies such as XXXX, XXXX, and XXXX, when the furnisher has reasonable cause to believe that the information is inaccurate, is in direct violation of XXXX XXXX. XXXX ( a ) ( XXXX ) ( A ). Given that both NCB and XXXX have reported what is now a XXXX debt essentially recognized as a certificate of indebtedness or, according to IRS guidelines, potentially income rather than debt this practice is inherently inaccurate and thus prohibited. 

The failure of NCB and XXXX to issue a 1099-C form for the canceled debt further exacerbates the issue, diverging from IRS mandates for debts exceeding {$600.00}. This discrepancy illustrates a clear oversight in their reporting obligations, raising concerns about the accurate representation of my financial standing. 
Additionally, the sharing of my information with non-affiliated consumer reporting agencies contravenes the terms and conditions of my agreements with XXXX XXXX and XXXX, which assert a commitment not to disclose my details to non-affiliates. It is worth noting that the Consumer Financial Protection Bureau ( CFPB ), which does not furnish consumer reports, is the only true credit bureau as defined by federal law. 

In light of these issues, I hereby revoke any authorization, whether written, non-written, verbal, or non-verbal, for the use of my information as per the Privacy Act of 1974 ( 5 U.S.C. 552a ) and opt out of such authorization under the Fair Credit Reporting Act ( 15 U.S.C. 6802 ). 

Given the inaccuracies notified and their continued presence on my credit report after my initial dispute, it is evident that NCB, XXXX, and XXXX have failed to adhere to their duties under 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( B ) ( ii ), specifically the prohibition against reporting inaccurate information after receiving notice from the consumer. 
Lastly, in accordance with Regulation Z ( XXXX Treatment of credit balances ; account termination ), I request the refund of any remaining balance from my consumer account upon its closure. 

This letter serves as a seven-day notice for the resolution of these matters, including the correction of inaccuracies on my credit report and the refund of any due balance to me.

Company response to consumer: Closed with explanation