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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.
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