Money News: 3 Companies Commit Major Consumer Credit Blunders

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Three major consumer companies have been involved in separate credit reporting issues recently. Meanwhile, two popular trading platforms have suffered financial setbacks. But there is also good news, as the government reported a fractional slowing of inflation.

So, it’s not all doom and gloom here at the cluttered sit/stand NerdWallet news desk. Maybe most, but not all.

Here are the Money News & Moves for the week ending Aug. 12, 2022.

Hyundai and Equifax credit reporting incidents

You probably put in a lot of effort to protect and build your credit score. That makes it all the more annoying when big-time companies that should know better find a way to screw things up.

Recently, the credit arm of automotive manufacturer Hyundai and credit…

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This article was written by Hal M. Bundrick, CFP® and originally published on