SMC-1137BanksCase file
Credit Acceptance: $694 million relief for subprime car borrowers
Credit Acceptance Corporation (CAC) is a subprime auto lender serving borrowers with low or no credit scores. New York's attorney general sued it in January 2023 together with the Consumer Financial Protection Bureau, which later dropped its case. The states alleged that CAC m…
Reported: Credit Acceptance Corporation
- Reported losses
- $694M
- People affected
- 0 affected