Hawaiʻi announces settlement with Credit Acceptance Corporation over car loans : Maui Now

The Hawaiʻi Department of Commerce and Consumer Affairs Office of Consumer Protection announced that Hawaiʻi has entered into a settlement with Credit Acceptance Corporation (CAC) that will provide cash and debt relief to Hawaiʻi consumers in connection with their CAC car loans. If approved, individual Hawaiʻi consumers eligible for cash restitution may receive up to $115,000 in restitution or debt relief.…

Debt Relief Settlement Could Be A Big Moment For Credit Acceptance Stock

Credit Acceptance Corporation reached a multistate settlement resolving auto lending allegations, agreeing to large-scale debt forgiveness, consumer relief payments, and operational changes without admitting wrongdoing, alongside separate updates on its funding facilities and executive hiring. The consent judgments lock in tighter affordability protections and dealer oversight at Credit Acceptance, which could influence credit risk, loss…