Consumer complaint received 2024-05-10 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: FC HoldCo LLC
State: CO

Complaint narrative:
On XXXX a opt out letter was sent to the company FLAGSHIP CREDIT ACCEPT, in pursuance of 15 USC 6802 Except as otherwise provided in this subchapter, a financial institution may not, directly or through any affiliate, disclose to a nonaffiliated third party any nonpublic personal information, unless such financial institution provides or has provided to the consumer a notice that complies with section 6803 of this title. There have been no changes or response regarding this situation ( because there are others ) which is a violation of my consumer rights, since there have been no changes I am reaching out through the consumer finance protection bureau ( CFPB ) as stated in 15 USC 6805 Enforcement, Subject to subtitle B of the Consumer Financial Protection Act of 2010 [ 12 U.S.C. 5511 et seq. ], this subchapter and the regulations prescribed thereunder shall be enforced by the Bureau of Consumer Financial Protection, the Federal functional regulators, the State insurance authorities, and the Federal Trade Commission with respect to financial institutions and other persons subject to their jurisdiction under applicable law, as follows. This violation among many others has led to other violations as well another being 15 USC 6801 ( a ) Protection of nonpublic personal info, It is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers nonpublic personal information. Also 16 CFR 313.4 ( a ) Initial notice requirement. You must provide a clear and conspicuous notice that accurately reflects your privacy policies and practices to : ( 1 ) Customer. An individual who becomes your customer, not later than when you establish a customer relationship, except as provided in paragraph ( e ) of this section; and ( 2 ) Consumer. A consumer, before you disclose any nonpublic personal information about the consumer to any nonaffiliated third party, if you make such a disclosure. Due to ignorance of the rules and regulations many other violations have occurred on their behalf and non-affiliated third parties ( XXXX, XXXX XXXX, XXXX, and etc. ) this has led to violations of 15 USC 1681 ( a ) on all parties ( affiliated and non-affiliated ) which states ( 1 ) The banking system is dependent upon fair and accurate credit reporting. Inaccurate credit reports directly impair the efficiency of the banking system, and unfair credit reporting methods undermine the public confidence which is essential to the continued functioning of the banking system. ( 2 ) An elaborate mechanism has been developed for investigating and evaluating the credit worthiness, credit standing, credit capacity, character, and general reputation of consumers. ( 3 ) Consumer reporting agencies have assumed a vital role in assembling and evaluating consumer credit and other information on consumers. ( 4 ) There is a need to insure that consumer reporting agencies exercise their grave responsibilities with fairness, impartiality, and a respect for the consumers right to privacy. I have also come to find out while reading the IRS publication 4681 Canceled debts, foreclosures, repossessions, and abandonments. Generally, if a debt for which you are personally liable is forgiven or discharged for less than the full amount owed, the debt is considered canceled in whatever amount it remained unpaid. Generally, you must include the canceled debt in your income, and in pursuance to the FCRA Income can not be reported on your consumer ( credit ) report. Also In Pursuance to 433.2 Preservation of consumers ' claims and defenses, unfair or deceptive acts or practices, In connection with any sale or lease of goods or services to consumers, in or affecting commerce as commerce is defined in the Federal Trade Commission Act, it is an unfair or deceptive act or practice within the meaning of section 5 of that Act for a seller, directly or indirectly, to : ( a ) Take or receive a consumer credit contract which fails to contain the following provision in at least ten point, bold face, type : NOTICE ANY HOLDER OF THIS CONSUMER CREDIT CONTRACT IS SUBJECT TO ALL CLAIMS AND DEFENSES WHICH THE DEBTOR COULD ASSERT AGAINST THE SELLER OF GOODS OR SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF. RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER. 

.These rules are here to protect consumers from deceptive tactics such as these which can lead to life changing events and not for the good should I say ( stress, mental anguish, embarrassment, homelessness, loss of jobs/careers, low self-esteem, divorce, XXXX ) all of which can be prevented ( at least on your part ) if followed. I would like my conditions to be met which you have received in this complaint, deletions/removals, financial remedies and etc.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation