Consumer complaint received 2026-02-16 00:00:00
Product: Debt collection — I do not know
Issue: Took or threatened to take negative or legal action — Threatened or suggested your credit would be damaged
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: NC

Complaint narrative:
To Whom It May Concern, I am submitting this formal complaint against Bank of America for continuing to report a charged-off credit card account that the creditor has expressly identified as canceled, without issuing the legally required IRS Form 1099-C, and while furnishing inaccurate and misleading information to consumer reporting agencies. 

This complaint concerns violations of 26 U.S.C. 6050P, Treasury Regulation 1.6050P-1, and the Fair Credit Reporting Act ( FCRA ). 

Account Information Creditor : Bank of America Account Number : XXXX XXXX XXXX XXXX ( as reported ) Account Type : Credit Card Date Opened : XX/XX/XXXX Closed Date : XX/XX/XXXX Balance Reported : {$8400.00} High Balance : {$11000.00} Credit Limit : {$12000.00} Bureaus Reporting : XXXX, XXXX, XXXX  Creditors Admission of Debt Cancellation This tradeline contains explicit cancellation language, including : Canceled by credit grantor Charged off as bad debt Unpaid balance reported as a loss by the credit grantor These statements constitute an identifiable cancellation-of-debt event under : 26 U.S.C. 6050P ( a ) Treasury Regulation 1.6050P-1 ( b ) ( 2 ) When a creditor cancels or discharges {$600.00} or more of indebtedness, federal law requires the creditor to issue IRS Form 1099-C to the consumer and the Internal Revenue Service. 

To date : No Form 1099-C has been issued or provided to me No explanation has been provided justifying why Bank of America reports this debt as canceled while failing to comply with federal tax-reporting requirements Inaccurate and Misleading Credit Reporting ( FCRA Violations ) A creditor can not lawfully treat a debt as canceled for accounting and tax purposes while simultaneously reporting it as an outstanding derogatory obligation on a consumer credit report. 

This constitutes inaccurate and misleading furnishing in violation of : 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( A ) Prohibits furnishing information that is inaccurate or materially misleading. 

15 U.S.C. 1681s-2 ( b ) Requires a reasonable investigation and verification of the legal status of the debt after dispute. 

By continuing to report this tradeline without issuing the required IRS documentation or clarifying the legal enforceability of the debt, Bank of America is misrepresenting whether this obligation is still owed. 

Demand for Relief I hereby demand that Bank of America : Immediately delete this tradeline from all consumer reporting agencies due to inaccurate and misleading reporting. 

Provide a copy of the IRS Form 1099-C issued for this account ; Provide written confirmation that no cancellation-of-debt event occurred, including the legal basis for reporting the account as canceled by credit grantor ; or Absent production of the required documentation, continued reporting constitutes willful noncompliance with federal law. 

This complaint is being submitted to the Consumer Financial Protection Bureau ( CFPB ) for regulatory review and enforcement. 

Please provide a written response within the CFPB-mandated response timeframe.

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