Hyundai Capital hit with $19M CFPB settlement
The case is the Bureau’s largest Fair Credit Reporting action against an auto lender
Hyundai Capital America (HCA) has entered into a $19 million settlement with the Consumer Financial Protection Bureau (CFPB) after the lender was accused of providing inaccurate information to credit reporting companies. The CFPB alleged that the captive used “outdated systems, processes and procedures to furnish credit reporting information,” leading to inaccuracies that resulted in negative, […]
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