Consumer complaint received 2024-02-08 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account status incorrect
Company: AMERICAN EXPRESS COMPANY
State: TX

Complaint narrative:
AMERICAN EXPRESS, is in violation of multiple laws set forth by Congress in regards to the following account # 's XXXX and XXXX. 15 U.S. Code 1681a ( 2 ) ( a ) ( i ) states that the consumer report does not include information solely as to transactions or experiences ( payment history, charge off status ), between the consumer ( myself ) and the person ( AMERICAN EXPRESS. ) making the report. 
Additionally, 15 U.S. Code 1681 s-2 ( a ) ( 1 ) ( A ) states that A person ( AMERICAN EXPRESS. ) shall not furnish any information relating to a consumer ( ME ) to any consumer reporting agency ( XXXX, XXXX, XXXX, XXXX, XXXX, XXXX XXXX XXXX ( XXXX ), XXXX, XXXX, AND XXXX XXXX XXXX ) if the person knows or has reasonable cause to believe that the information is inaccurate. AMERICAN EXPRESS., can not collect on a discharged debt. This is now considered a certificate of indebtedness per the IRS and income can not be reported. The IRS Clearly defines a charge off as Gross or Ordinary income, INCOME DOES NOT GET REPORTED ON THE CONSUMER REPORT which in fact makes reporting of this account inaccurate! I provided a screenshot from the IRS website. By Definition, the IRS Clearly says a Cancelled debt or Charge off is Income. The reporting of this account as a debt is inaccurate. 
I never received a 1099-C from AMERICAN EXPRESS . for the cancelled debt 's of { { { {$1400.00} } & {$2400.00} } } in order to file as ordinary income. Where is my 1099-C? AMERICAN EXPRESS. is clearly writing off debt with the IRS without sending out 1099-C as required by the IRS for debts greater than { { { {$600.00} } } }. This is unsatisfactory! AMERICAN EXPRESS. has been HEREBY PUT ON NOTICE that they are furnishing incorrect inaccurate information. In AMERICAN EXPRESS. terms and conditions they agreed not to share my information with non affiliates. XXXX, XXXX, XXXX, XXXX, XXXX, XXXX XXXX XXXX ( XXXX ), XXXX, XXXX, AND XXXX XXXX XXXX are not affiliates of AMERICAN EXPRESS. nor are they " bureaus ''. The only true credit bureau is the CFPB and they DO NOT furnish consumer reports as stated in federal law. 
According to the FCRA, I XXXX XXXX XXXX have a right to privacy Per the Privacy Act of 1974 as a Federally Protected Consumer. l am currently choosing to withdraw any and all authorization. As the Consumer, I may have provided you with authorization in various forms, including written, unwritten, verbal, and non-verbal as stated in 15 USC 6802.

I am now revoking any and all authorization I the consumer may have given you written, non written, verbal, and nonverbal per 5 U.S. Code 552a. Per the FCRA as a federally protected consumer I am now opting out of any and all authorization I the consumer may have given you written, non written, verbal, and non verbal per 15 USC 6802. I shall also point out their responsibility pursuant 15 U.S. Code section 1681s-2 ( a ) ( 1 )
( B ) ( ii ) : ( a ) DUTY OF FURNISHERS OF INFORMATION TO PROVIDE ACCURATE INFORMATION 1 ) PROHIBITION ( B ) Reporting information after notice and confirmation of errors A person shall not furnish information relating to a consumer to any consumer reporting agency if ( i ) the person has been notified by the consumer, at the address specified by the person for such notices, that specific information is inaccurate ; and ( ii ) the information is, in fact, inaccurate.

PER 16 CFR 313.7 That you disclose or reserve the right to disclose nonpublic personal information about your consumer to a nonaffiliated third party ; ( ii ) That the consumer has the right to opt out of that disclosure ; and ( ill ) A reasonable means by which the consumer may exercise the opt out right Opt Out Laws : opt out of the disclosure of nonpublic personal information to a nonaffiliated third party if you : 15 USC 6802 Opt Out ( 1 ) IN GENERAL A financial institution may not disclose nonpublic personal information to a nonaffiliated third party unless- ( A ) such financial institution clearly and conspicuously discloses to the consumer. in writing or in electronic form or other form permitted by the regulations prescribed under section 6804 of this title, that such information may be disclosed to such third party ; ( HAS NOT BEEN DONE ) ( B ) the consumer is given the opportunity, before the time that such information is initially disclosed, to direct that such information not be disclosed to such third party ( HAS NOT BEEN DONE OR GIVEN THE OPPORTUNITY ) THIS UNLAWFUL BEHAVIOR HAS CAUSED SOME PAIN IN SUFFERING WHILE RUNNING MY BUSINESS AND THIS NEEDS TO STOP IMMEDIATELY. 

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Company response to consumer: Closed with explanation