Credit Acceptance Corp to pay penalty, forgive debt to resolve consumer protection case
17/09/2026 17:05
Credit Acceptance Corp to pay penalty, forgive debt to resolve consumer protection case Sept 17 (Reuters) - Credit Acceptance Corp CACC.O will pay $75.5 million, forgive more than $630 million of consumer debt, and reform its lending practices to resolve allegations by 41 U.S. state attorneys general that the subprime auto lender violated various consumer protection laws, Minnesota Attorney General Keith Ellison said on Thursday.
(Reporting by Jonathan Stempel in New York)
((jon.stempel@thomsonreuters.com ; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net /))
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