CFPB Orders Honda Finance To Pay $12.8M For COVID-19 Credit-Reporting Failures

( February 10, 2025, 8:21 AM EST) -- WASHINGTON, D.C. — Pursuant to a stipulation and consent to the issuance of a consent order executed by American Honda Finance Corp., the Consumer Financial Protection Bureau (CFPB) has ordered the company to pay $10.3 million to redress credit customers whom the finance company reported as being delinquent during the COVID-19 pandemic when they should have been reported as current and to pay a $2.5 million civil penalty....

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