Utah Among 40 States to Settle with Auto Loan Company Accused of Predatory Lending

Credit Acceptance agrees to million settlement over unaffordable subprime car loans

Borrowers who lost cars to repossession will get million in debt relief, and the lender must cap vehicle prices at 109% of retail book value for seven years.

Utah among 40 states to settle with auto loan company accused of predatory lending

Dozens of Utahns are set to have their debt cancelled after a national auto loan company agreed to settle claims that it exploited borrowers.

Consumers and States Awarded $694 Million After Predatory Auto Lender Settles Lawsuit

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Consumers and states awarded $694 million after predatory auto lender settles lawsuit - The Times Weekly

An estimated 55,000 consumers will benefit from a $694 million class action settlement against a predatory auto lender reached by attorneys general (AGs) in 40 states and the District of Columbia.  The settlement announced on September 18 with Credit Acceptance Corporation (CAC), one of the nation’s largest subprime auto lenders, will provide the following financial […]

Consumers and States Awarded $694 Million After Predatory Auto Lender Settles Lawsuit – The Windy City Word

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