Honda's U.S. financing arm was ordered on Friday by the U.S. Consumer Financial Protection Bureau to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 drivers of Honda and Acura vehicles.The CFPB said American Honda Finance deferred some drivers' loan payme

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US regulator orders Honda unit to pay $12.8 million for harming drivers' credit reports

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Honda’s U.S. financing arm was ordered today by the U.S. Consumer Financial Protection Bureau to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 drivers of Honda and Acura vehicles.

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Honda unit fined $12.8M for harming drivers’ credit reports | Honolulu Star-Advertiser

By Pete Schroeder (Reuters) -The U.S. Consumer Financial Protection Bureau announced on Friday it had fined credit reporting bureau Equifax $15 million for failing to sufficiently investigate consumer disputes of its credit reports. The bureau said Equifax ignored consumer documents and evidence submitted alongside disputes, allowed previously flagged inaccuracies to return to credit reports, and relied on flawed software code, leading to inaccu…

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US consumer bureau fines Equifax $15 million over handling of consumer disputes

Honda’s U.S. financing arm was ordered on Friday by the U.S. Consumer Financial Protection Bureau to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 drivers of Honda and Acura vehicles. The CFPB said American Honda Finance deferred some drivers’ loan payments during the COVID-19 pandemic, only to then tell credit reporting agencies that the drivers were delinquent when they should have been repo…

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US regulator orders Honda unit to pay $12.8 million for harming drivers’ credit reports

Credit reporting bureau Equifax agreed to resolve allegations that it failed to conduct proper investigations of consumer disputes, ignored evidence and allowed previously deleted inaccuracies to be reinstated on credit reports. Equifax also shared inaccurate credit scores and data about consumers with lenders.

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CFPB orders Equifax to pay $15 million for credit reporting errors

The CFPB alleged that the American Honda Finance Corporation reported inaccurate information that was added to consumers’ credit reports.

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American Honda Finance to Settle CFPB Allegations of ‘Sloppy’ Credit Reporting

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US regulator orders Honda unit to pay $12.8 million for harming drivers' credit reports

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