CAC finalizes settlement with Mass. AG for $27.2M

The lender will provide debt relief and credit repair to more than 3,000 affected borrowers

© Can Stock Photo / SeanPavonePhoto

Subprime lender Credit Acceptance Corp. has finalized its settlement with Massachusetts Attorney General’s Office for $27.2 million over allegations that the lender engaged in unfair practices in its origination, collection and securitization processes. The settlement, “one of the largest of its kind,” according to Attorney General Maura Healey, ends a yearlong suit that began in […]

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