Company Furnished Inaccurate Account Information to Credit Reporting Companies, Including Wrongly Reporting that Consumers were Delinquent on Loans or Leases
WASHINGTON, DC – July 26, 2022 – The Consumer Financial Protection Bureau (CFPB) has just announced that they have penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to nationwide credit reporting companies and failing to take proper measures to address inaccurate information once it was identified between 2016 and 2020.
CFPB nails Hyundai for $19M in credit reporting errors – Consumer Financial Protection Bureau – CFPB
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