EconomyCredit Acceptance reaches $710 million predatory auto-lending settlement with most US states
Credit Acceptance Corp agreed to pay $710 million to settle allegations brought by 40 U.S. states and Washington, D.C. The company was accused of steering thousands of low-income borrowers with poor credit into predatory car loans it knew they could not afford.
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Credit Acceptance reaches $710 million predatory auto-lending settlement with most US states
Economy