Fcra news and trends

CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
CFPB // July 26, 2022

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The CFPB announced the penalty Tuesday (July 26), saying it was its largest ever Fair Credit Reporting Act (FCRA) case against...

Why Regulation Won’t Fix Credit Reporting Agencies
Regulation // September 18, 2017

Some of the most memorable television commercials of the 1970s and 1980s were those promoting E. F. Hutton’s brokerage services. When its tagline, “When E. F. Hutton talks, people listen,” was spoken in those commercials, everyone in the room stopped, turned to look and listened...

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CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting

July 26, 2022
The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The CFPB announced the penalty Tuesday (July 26), saying it was its largest ever Fair Credit Reporting Act (FCRA) case against an auto servicer. The bureau added that Hyundai also failed […]