Today, the Consumer Financial Protection Bureau (CFPB) has Ordered Hyundai to Pay $19 Million for their Widespread Failures in Credit Reporting.
According to CFPB, Hyundai Furnished Inaccurate Account Information to the Credit Reporting Companies, which as you know are Equifax, TransUnion, and Experian. According to CFPB Hyndai was found to have wrongly reported that many Consumers who leased or purchased cars Between January 2016 and March 2020 were Delinquent on Loans or Leases. I discuss about this issue in today's episode.
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