CAC announces new CEO, lawsuit settlement and Q1 earnings

The lender decreased its provision for credit losses by 94% in Q1

Credit Acceptance Corp. headquarters in Southfield, Michigan via

In tandem with its first quarter earnings report, Credit Acceptance Corp. named a new top leader following former Chief Executive Brett Roberts’ Monday retirement, and announced a settlement with the Commonwealth of Massachusetts related to allegations of unfair practices. Southfield, Mich.-based subprime lender named Kenneth Booth, the company’s former chief financial officer, as its new […]

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