Consumer complaint received 2026-02-25 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: BMO BANK NATIONAL ASSOCIATION
State: SC

Complaint narrative:
To Whom It May Concern, I am submitting this formal complaint against BMO Bank N.A . regarding materially inaccurate and misleading credit reporting tied to a charged-off credit card account. This complaint is submitted directly by me, the consumer, with no third party or credit repair organization involved. Account Information Creditor : BMO Bank N.A . Account Number : XXXX Account Type : Credit Card Date Opened : XX/XX/XXXX Credit Limit : {$1000.00} Highest Balance Reported : {$1400.00} Charge-Off Amount : {$1400.00} Charge-Off Status Updated : XX/XX/XXXX Balance Currently Reporting : {$1400.00} Scheduled Reporting Until : XX/XX/XXXX Failure to Issue Required IRS Form 1099-C ( Cancellation of Debt ) BMO Bank N.A . is reporting this account as charged off and written off, which indicates the creditor has treated the debt as a loss for accounting purposes. Under 26 U.S.C. 6050P and Treasury Regulation 26 C.F.R. 1.6050P-1, a creditor is required to file and furnish IRS Form 1099-C when {$600.00} or more of debt is canceled or discharged following an identifiable cancellation event. In this case : The account reflects a charge-off / write-off The amount exceeds the {$600.00} statutory threshold The account continues to report as past due No IRS Form 1099-C has been issued or provided A creditor can not lawfully treat a debt as written off while simultaneously avoiding mandatory federal tax reporting obligations. If the debt was canceled, BMO Bank N.A . is legally required to issue Form 1099-C. If the debt was not canceled, reporting it as a charge-off/write-off is materially misleading. Either position results in inaccurate credit reporting. Improper and Misleading Charge-Off / Delinquency Reporting BMO Bank N.A . is continuing to report this account as : Charged off Written off Past due These reporting positions are legally and factually inconsistent. A debt that has been charged off and written off can not simultaneously remain an active delinquent obligation without clear disclosure of legal enforceability. This creates a false impression of ongoing liability and materially misrepresents the accounts true status. Fair Credit Reporting Act ( FCRA ) Violations BMO Bank N.A.s reporting violates the Fair Credit Reporting Act, including but not limited to : 15 U.S.C. 1681s-2 ( a ) ( 1 ) ( A ) Furnishing information that is inaccurate or materially misleading 15 U.S.C. 1681e ( b ) Failure to maintain reasonable procedures to ensure maximum possible accuracy 15 U.S.C. 1681s-2 ( b ) Failure to conduct a reasonable investigation into the legal and accounting status of the debt Continuing to report a charge-off while failing to comply with federal tax reporting requirements constitutes systemic misrepresentation. Demand for Relief I hereby demand that BMO Bank N.A . take the following corrective action : Immediately issue IRS Form 1099-C reflecting cancellation of the charged-off debt ; Delete this tradeline from all consumer reporting agencies ( XXXX XXXX XXXX ) due to inaccurate and misleading reporting. Absent compliance, 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. Sincerely,

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