Complete Story
07/28/2022
Hyundai to pay $19.2 million for widespread credit-reporting failures, U.S. regulator says
Reuters
July 26 (Reuters) - A U.S. regulator has ordered a Hyundai Motor Co (005380.KS) affiliate to pay $19.2 million for repeatedly giving credit-reporting agencies inaccurate information about its customers, including that they were delinquent on loans and leases.
Hyundai Capital America, which serves about 1.7 million drivers of Hyundai, Kia and Genesis vehicles, agreed on Tuesday to pay a $6 million civil fine and $13.2 million in restitution to current and former customers.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information