Federal regulators on Tuesday ordered Hyundai Motor North American finance arm to pay a $19 million fine for providing allegedly inaccurate information to credit-reporting companies about more than 2.2 million customer accounts.
The Consumer Financial Protection Bureau accused Hyundai Capital America of using manual and outdated systems to furnish consumer credit information between 2016 and 2020, causing widespread inaccuracies that reported delinquencies and other negative information on consumers’ credit reports.
