Honda Finance Ordered to Pay $12.8M for Damaging Credit Scores of 300,000 Customers
2025-01-25
Carscoops on MSN.com
The Consumer Financial Protection Bureau has slapped American Honda Finance Corporation with a $12.8 million fine for incorrectly reporting credit information, resulting in damaged credit scores for approximately 300,000 customers. This alarming incident highlights the importance of credit score management and the need for financial institutions to prioritize accurate reporting. With identity theft protection and credit monitoring being crucial in today's digital age, it's essential for consumers to stay vigilant. The settlement serves as a reminder of the potential consequences of bad business practices and the need for transparency in consumer finance.
