The Consumer Financial Protection Bureau said American Honda Finance Corp. inaccurately reported 300,000 borrowers as delinquent who had paused loan payments during the pandemic.

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

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Honda's U.S. financing arm was ordered on Friday 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.

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American Honda Finance Corp., the auto financing unit of Honda Motor Co. (NYSE:HMC), has been ordered by the U.S. Consumer Financial Protection Bureau to pay a $12.8M penalty for allegedly posting inaccurate information that impacted the credit reports of hundreds of thousands of Honda and Acura vehicles,