Honda Motor Co.’s American finance unit will pay $12.8 million for reporting inaccurate information that affected the credit scores of 300,000 people, including by tagging borrowers as delinquent when they had payments paused during the Covid-19 pandemic.

The Consumer Financial Protection Bureau (CFPB) has ordered American Honda Finance Corporation to pay $12.8 million for reporting incorrect information tha

Honda’s U.S. financing arm was ordered today by the U.S. Consumer Financial Protection Bureau to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 drivers of Honda and Acura vehicles.