Tag: auto lender

Capital and Risk, Credit, Regulations

CFPB, New York AG sue auto lender Credit Acceptance for deceiving borrowers

January 4, 2023

Via: American Banker

The Consumer Financial Protection Bureau and New York’s attorney general sued subprime auto lender Credit Acceptance Corp. Wednesday for deceiving borrowers about the true cost of car loans, violating state usury laws and failing to disclose charges and terms to […]