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CREDIT ACCEPTANCE CORP filed a 144

Credit Acceptance Corporation (NASDAQ:CACC) has reached a multistate resolution that clarifies its obligations in longstanding disputes. Investors now need to assess the cash payments and the effect of consumer protections on future lending returns. On September 17, Credit Acceptance Corporation (NASDAQ:CACC) announced consent judgments entered into or planned with New York and 40 other attorneys […]

Credit Acceptance (CACC) Settles with States. How Much Financial Risk Remains?

Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.

Credit Acceptance Corporation News