Hyundai settles CFPB auto credit reporting case for $19M

CFPB Director Rohit Chopra: "Hyundai illegally tarnished credit reports for millions of borrowers, including by falsely reporting them to credit reporting companies as being delinquent on their loans and leases." (BLOOMBERG)

July 26, 2022 08:12 PM

Captive finance company Hyundai Capital America has agreed to pay $13.2 million in restitution and a $6 million civil penalty to settle allegations it gave incorrect consumer information to credit reporting companies.

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