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US consumer watchdog's 2022 exams found credit-reporting failures, illegal mortgage-servicing and auto-loan fees

( November 16, 2022, 19:20 GMT | Official Statement) -- MLex Summary: The US Consumer Financial Protection Bureau's examinations in the first half of 2022 found that some consumer-reporting companies and data furnishers failed to update false information on credit reports, and that some mortgage servicers charged illegal fees on homeowners' mortgage payments. In addition, some auto loan servicers were found to have illegally failed to refund unearned fees related to add-on product charges.Statement follows below:...

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