Consumer complaint received 2024-05-12 00:00:00
Product: Credit card — General-purpose credit card or charge card
Issue: Other features, terms, or problems — Problem with balance transfer
Company: CreditNinja Lending, LLC
State: FL

Complaint narrative:
1026.1 B ( b ) Purpose. The purpose of this part is to promote the informed use of consumer credit by requiring disclosures about its terms and cost, to ensure that consumers are provided with greater and more timely information on the nature and costs of the residential real estate settlement process, and to effect certain changes in the settlement process for residential real estate that will result in more effective advance disclosure to home buyers and sellers of settlement costs. The regulation also includes substantive protections. It gives consumers the right to cancel certain credit transactions that involve a lien on a consumer 's principal dwelling, regulates certain credit card practices, and provides a means for fair and timely resolution of credit billing disputes. The regulation does not generally govern charges for consumer credit, except that several provisions in subpart G set forth special rules addressing certain charges applicable to credit card accounts under an open-end ( not home-secured ) consumer credit plan. The regulation requires a maximum interest rate to be stated in variable-rate contracts secured by the consumer 's dwelling. It also imposes limitations on home-equity plans that are subject to the requirements of 1026.40 and mortgages that are subject to the requirements of 1026.32. The regulation prohibits certain acts or practices in connection with credit secured by a dwelling in 1026.36, and credit secured by a consumer 's principal dwelling in 1026.35. The regulation also regulates certain practices of creditors who extend private education loans as defined in 1026.46 ( b ) ( 5 ). In addition, it imposes certain limitations on increases in costs for mortgage transactions subject to 1026.19 ( e ) and ( f ).

( c ) Coverage. 
Subpart G - Special Rules Applicable to Credit Card Accounts and Open-End Credit Offered to College Students 1026.51 1026.61 The following is as asset to the business trust property Discrimination of financial bank institution income statements.

violation of account agreement Selected Provision from the U.S. Securities Exchange Act of 1934 Relating to the Authority and Discretion of the U.S. SEC to Investigate and Seek Sanctions Relating to Violations of the Securities Laws Authority and discretion of Commission to investigate violations.

Section 21 ( a ) ( 1 ) of the Exchange Act of 1934.

The Commission may, in its discretion, make such investigations as it deems necessary to determine whether any person has violated, is violating, or is about to violate any provision of this chapter, the rules or regulations thereunder, the rules of a national securities exchange or registered securities association of which such person is a member or a person associated with a member, the rules of a registered clearing agency in which such person is a participant, the rules of the Public Company Accounting Oversight Board, of which such person is a registered public accounting firm or a person associated with such a firm, or the rules of the Municipal Securities Rulemaking Board, and may require or permit any person to file with it a statement in writing, under oath or otherwise as the Commission shall determine, as to all the facts and circumstances concerning the matter to be investigated. The Commission is authorized in its discretion, to publish information concerning any such violations, and to investigate any facts, conditions, practices, or matters which it may deem necessary or proper to aid in the enforcement of such provisions, in the prescribing of rules and regulations under this chapter, or in securing information to serve as a basis for recommending further legislation concerning the matters to which this chapter relates.

Attendance of witnesses ; production of records.

) First tier. The amount of the penalty shall be determined by the court in light of the facts and circumstances. For each violation, the amount of the penalty shall not exceed the greater of ( I ) {$5000.00} for a natural person or {$50000.00} for any other person, or ( II ) the gross amount of pecuniary gain to such defendant as a result of the violation.

( ii ) Second tier. Notwithstanding clause ( i ), the amount of penalty for each such violation shall not exceed the greater of ( I ) {$50000.00} for a natural person or {$250000.00} for any other person, or ( II ) the gross amount of pecuniary gain to such defendant as a result of the violation, if the violation described in subparagraph ( A ) involved fraud, deceit, manipulation, or deliberate or reckless disregard of a regulatory requirement XXXX XXXX XXXX sign approved beneficiary XXXX XXXX all rights reserved XX/XX/XXXX

Company response to consumer: Closed with explanation