Consumer complaint received 2024-01-11 00:00:00
Product: Debt collection — Credit card debt
Issue: Attempts to collect debt not owed — Debt was paid
Company: NAVY FEDERAL CREDIT UNION
State: TX

Complaint narrative:
I am writing to file a formal complaint against XXXX XXXX XXXX regarding various violations that have occurred in the context of debt collection and financial activities. I believe these actions to be in violation of securities laws and the Fair Credit Reporting Act ( FCRA ). 

1. Securities Fraud and FCRA Violation : I allege that XXXX XXXX XXXX has engaged in securities fraud and has violated the FCRA with regards to the handling of my financial accounts and credit information. Despite numerous disputes and the lack of a prior agreement for securities, XXXX XXXX XXXX has continued to pursue debt collection activities using aggressive and harassing tactics, and Per FCRA as a federal protected consumer I am opting out of any written non written, verbal agreements per 15 USC 6802 2. Consumer Profile Credit Harassment : The company has engaged in persistent and aggressive debt collection activities, which have resulted in emotional distress and stress. These actions have caused significant harm and have violated my rights as a consumer 15 USC 1692d harassment or abuse and improper use of personal federal, protected, consumer credit profile even after multiple disputes to validate debt 15 USC 1692G. As well as cause Severe Damages to my Consumer Credit Score via XXXX, XXXX and XXXX XXXX, as well as XXXX XXXX and XXXX XXXX XXXX  3. Federal Reserve Act 16 Section 2 and Securities Exchange Act of 1934 : Furthermore, I believe that XXXX XXXX XXXXXXXX XXXX actions are in direct violation of the Federal Reserve Act 16 Section 2 ( 12 USC 412 ) application for note as instructed by federal reserve act, where, as the application is the security used for the credit card and was paid off as an open, ended application to be routinely sold as a security to cover the cost of the card debt in question and the Securities Exchange Act of 1934, as per the Navy Federal XXXX Group Indentured Agreement for processing securities and active sale promissory security.

4. Involvement with Securities Fraud and Attempted XXXX XXXX : I allege that XXXX XXXX XXXX has been involved in securities fraud and has attempted to use debt collection activities as a means to commit XXXX XXXX As XXXX XXXX XXXX has yet to validate Debt with Original contract agreement where as I had a written Signature to validate their security claim. This has resulted in severe XXXX XXXX XXXX XXXX. 18 USC 656 & 18 USC657 theft, embezzlement by bank and theft, embezzlement by NCUA insured credit union. As the debt collection is invalid and violates the following 18 USC 1584 sale into involuntary servitude 18 USC1589 forced labor, 18 USC1589 trafficking with respect to XXXX XXXX XXXX XXXX XXXX XXXX 18 USC1583 enticement into slavery to illegal and invalidated debt collection practice. 18 USC1592 unlawful conduct with respect to furtherance of XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX. 18 USC 241 conspiracy with third-party affiliates to commit securities fraud XXXX  and violation of 18 USC 1962 Rico act prohibited activities. As per 18 USC 891 ( 4 ) the repayment of any extension of credit, includes the repayment satisfaction or discharge in or in part of any debt, claim, acknowledge, or disputed valid or invalid, resulting from or in correction with that extension of credit 5. Debt Collection via Identity Theft : Additionally, I have reason to believe that XXXX XXXX XXXX has engaged in debt collection activities via identity theft, conspiracy with Navy Federal XXXX Group Llc holder in due course of Promissory note security. Whom without permission sold personally indemnified information 12 CFR, 792.60, a violation of the Privacy Act 1974 as well as 15 USC 6821 which has further compounded the emotional damages and stress caused multiple accounts with navy federal to illegally closed and held hostage financial accounts for the purpose of debt collection. Out of which all accounts including Credit card line of credit. which debt was discharged from when navy federal Sold the created debt and wrote off as a lost, were NCUA insured up to {$250000.00} per account and per transaction as per their written instruction. 12 USC 3403 confidentiality of financial records no third-party affiliate has a government written permission to obtain financial records release of my records, were not in accordance with the written instructions.

I have made various attempts to block these activities, but they persist in violation of my rights as a consumer as well as a Silent Investor of the credit card in question. 

Therefore, I am seeking a thorough investigation into the practices of XXXX XXXX XXXX and request appropriate action to be taken to address these allegations.

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation