Consumer complaint received 2024-04-20 00:00:00
Product: Debt collection — Credit card debt
Issue: Attempts to collect debt not owed — Debt was paid
Company: JPMORGAN CHASE & CO.
State: CA

Complaint narrative:
JP Morgan Chase Bank is billing me for an alleged debt stating I owe for account ending in XXXX in which the current balance is {$1700.00} and the offer amount is listed as {$170.00}. I gave the bank valuable consideration according to UCC 8-201 and I also provided an negotiable instrument i with could be sold and transferred and I never received any consideration. The instrument was issued for a promise of performance and it was never received as per UCC 3-303. I never received full disclosure regarding the contract and the selling of it on the stock exchange. According to the Sec filings from JP Morgan Chase Bank. Filed Pursuant to Rule 424 ( b ) ( 5 ) Registration Nos. 333-272941 and 333-272941-01Prospectus dated XX/XX/XXXX Chase Issuance Trust Issuing Entity CIK Number : XXXX Chase Card Funding LLC Depositor and Transferor CIK Number : XXXX JPMorgan Chase Bank , National Association Sponsor , Originator, Administrator and Servicer CIK Number : XXXX CHASEseries {>= $1,000,000} Class A ( XXXX ) Notes The Class A ( XXXX ) notes are obligations of the issuing entity only and are not interests in or obligations of JPMorgan Chase Bank , National Association , Chase Card Funding LLC, any of their affiliates or any other person or entity.

The Class A ( 2023-1 ) notes are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality. According to the prospectus page 130 Certain Regulatory Matters JPMorgan Chase Bank is regulated and supervised principally by the OCC, the CFPB and the FDIC. See Risk FactorsOther Legal and Regulatory RisksRegulatory action could cause delays or reductions in payment of your notes to occur and Risk FactorsOther Legal and Regulatory RisksFinancial regulatory reforms could have a significant impact on the issuing entity, Chase Card Funding or JPMorgan Chase Bank. These regulatory authorities, as well as others, have broad powers of enforcement over the operations and financial condition of JPMorgan Chase Bank and its affiliates.

If any of these regulatory authorities were to conclude that an obligation under the transaction documents constituted an unsafe or unsound practice or violated any law, regulation, written condition, or agreement applicable to JPMorgan Chase Bank or its affiliates, that regulatory authority may have the power to order JPMorgan Chase Bank or the related affiliate to rescind the transaction document, to refuse to perform the obligation, to amend the terms of the obligation, or to take any other action considered appropriate by that authority. These enforcement actions may adversely affect the operation of the issuing entity and your rights under the securitization agreements prior to the appointment of a receiver or conservator.

Consumer Protection Laws The relationship of the cardholder and credit card issuer is extensively regulated by federal and state consumer protection laws. With respect to credit cards issued by JPMorgan Chase Bank, the most significant laws include the federal Truth in Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Fair Debt Collections Practices Act, Electronic Funds Transfer Act, the Consumer Financial Protection Act prohibition against unfair, deceptive, and abusive acts and practices, the Federal Trade Commission Act prohibition against unfair and deceptive acts and practices, and similar state laws including each states statutes governing unfair and deceptive trade practices. These statutes impose disclosure requirements when a credit card account is advertised, when it is opened, at the end of monthly billing cycles, and at year end. In addition, these statutes limit customer liability for unauthorized use, prohibit discriminatory practices in connection with the extension and servicing of credit, and impose certain limitations on the type of credit card account-related charges that may be assessed. Cardholders are entitled under these laws to have payments and credits applied to the credit card accounts promptly, to receive prescribed notices and to require billing errors to be resolved promptly. Failure to comply with the laws or regulations described herein could lead to private causes of action, such as class action including those brought by the CFPB. lawsuits, and lawsuits and other enforcement actions brought by state attorneys general or federal regulatory enforcement actions, including those brought by the CFPB.

The issuing entity may be liable for certain violations of consumer protection laws that apply to the related credit card receivables. A cardholder may be entitled to assert those violations by way of set-off against his or her obligation to pay the amount of credit card receivables owing. JPMorgan Chase Bank represents and warrants in the transfer and servicing agreement that all of the credit card receivables have been and will be created in compliance with the requirements of those laws. The servicer also agrees in the transfer and servicing agreement to indemnify the issuing entity, among other things, for any liability arising from those violations caused by the servicer. For a discussion of the issuing entitys rights arising from the breach of these warranties, see Sources of Funds to Pay the NotesJPMorgan Chase Bank and Transferor Representations and Warranties.

Failure to comply with the laws or regulations described above could lead to private causes of action, such as class action lawsuits, and lawsuits and other enforcement actions brought by state or federal agencies. page XXXX The prospectus also list the glossary/defintions Electronic Funds Transfer Act means 15 U.S.C. 1693 et seq. as amended from time to time.

Equal Credit Opportunity Act means the Equal Credit Opportunity Act, as amended.

Fair Credit Reporting Act means the Fair Credit Reporting Act, 15 U.S.C. 1681, as amended.

Fair Debt Collection Practices Act means the Fair Debt Collection Practices Act, 15 U.S.C. 1692, as amended.

Federal Deposit Insurance Act means the Federal Deposit Insurance Act of 1950, as amended.

Federal Financial Institutions Examination Council means that agency of the federal government created pursuant to 12 United States Code chapters 34 and 34A, as amended.

Regulation Z means the regulations, all amendments thereto and official interpretations thereof ( 12 C.F.R., Part 226 ) issued by the Board of Governors of the Federal Reserve.

In which all of the Acts listed has been violated. Attempting to collect a debt that is not owed is a violation of the 15 U.S.C. 1692 and posting false information to the the consumer reporting agencies regarding the alleged debt is a violation of FCRA 15 USC 1681. I also opted out via GLBA and my rights were denied and Chase bank repeatedly certified with the XXXX, XXXX, and XXXX that the account reported was correct. Violating my right to privacy and giving my non public information to non-affiliates. I did not consent I opted out and Chase Bank continues to violate my rights. Also The fair credit reporting act states that transactions and experiences are not included. My right to privacy has been violated repeatedly.

Company response to consumer: Closed with explanation