January 18, 2025 - 02:43
American Honda Finance Corporation (AHFC) has come to an agreement with the Consumer Financial Protection Bureau (CFPB) to resolve allegations regarding improper credit reporting practices. The CFPB accused AHFC of engaging in "sloppy" credit reporting, which reportedly led to inaccuracies in consumer credit reports. Such inaccuracies can significantly impact consumers' credit scores and their ability to secure loans or favorable interest rates.
As part of the settlement, AHFC has committed to enhancing its credit reporting processes to ensure compliance with federal regulations. The company will also provide restitution to affected consumers, aiming to rectify any harm caused by the inaccuracies. This settlement underscores the CFPB's ongoing commitment to protecting consumers from unfair and deceptive practices in the financial sector.
AHFC's agreement with the CFPB serves as a reminder for financial institutions to prioritize accurate reporting and transparency in their dealings with consumers. The company anticipates that these changes will bolster consumer trust and improve overall service quality in the future.
July 2, 2025 - 03:37
Joint Finance Committee Finalizes Budget with Key ApprovalsThe Joint Finance Committee has concluded its budget deliberations, endorsing a comprehensive $111.1 billion spending plan. This budget includes a substantial allocation of $1.4 billion in new...
July 1, 2025 - 04:05
Boeing's CFO Transition: Brian West Steps Down, Former Lockheed Finance Leader Takes OverBoeing is set to undergo a significant leadership change as Brian West, who has served as the Chief Financial Officer for the past four years, prepares to step down. West has played a crucial role...
June 30, 2025 - 17:12
Boeing Announces CFO Transition as Brian West Steps DownBoeing Co. has confirmed that Chief Financial Officer Brian West will be stepping down from his position. West played a pivotal role in orchestrating one of the largest capital raises in U.S....
June 30, 2025 - 00:37
Corporate Earnings Season: A Key Indicator of Globalization's Impact on Profit MarginsAs the second quarter earnings season approaches, Corporate America is poised to provide crucial insights into how the current trade policy landscape is shaping business conditions. With...