Auto financing was mentioned often by the Consumer Financial Protection Bureau (CFPB) as the regulator published its latest edition of Supervisory Highlights last week.

The CFPB shared key findings from recent examinations about continuing accuracy problems in the credit reporting system.

Examiners said they found that auto finance furnishers continued to share incomplete or inaccurate information for “several months or even years after learning the information was false, incomplete, or inaccurate.”

In other instances, the CFPB said furnishers provided information even after they determined the information was fraudulent or due to identity theft.

In the Supervisory Highlights, the bureau offered an example of what examiners found. The regulator said finance companies continued to report dates of first delinquency inaccurately for several months after determining that they were reporting inaccurately due to various system coding issues.

The CFPB added that examiners also discovered that after determining accounts were in a bankruptcy status and therefore should have been reported as current with dates of first delinquency that reflect the bankruptcy filing dates. The bureau said furnishers failed to update the dates of first delinquency for the accounts to the bankruptcy filing dates.

“By failing to update the dates of first delinquency for the accounts in bankruptcy when they determined the accounts were in bankruptcy, the furnishers failed to promptly update or correct information they had determined to be incomplete or inaccurate,” the CFPB said.

“In response to these findings, furnishers are updating their internal controls related to promptly correcting or updating furnished information after determining it is incomplete or inaccurate and engaging in lookbacks to remediate the furnishing of the previously impacted accounts,” the bureau went on to say.

The latest installment of Supervisory Highlights can be downloaded via this website.