Hyundai to Pay $19.2 Million for Widespread Credit-Reporting Failures: US Regulator

Hyundai to Pay $19.2 Million for Widespread Credit-Reporting Failures: US Regulator
The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York, on April 13, 2022. Andrew Kelly/Reuters
Reuters
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A U.S. regulator has ordered a Hyundai Motor Company 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.