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Credit Acceptance discloses 3 new investigations

Credit Acceptance Corp. (CAC) is at the center of regulatory actions initiated over a two-week period by the Consumer Financial Protection Bureau (CFPB) and the attorneys general of Mississippi and New York, the company disclosed in a July 30 10-Q filed with the SEC. “We don't have any insight into when and why those things […]

Credit Acceptance stock closes in on $500 per share

In Credit Acceptance Corp.’s first day of trading on June 5, 1992, the stock closed at $2.71 per share. Fast forward 17 years, and the subprime lender’s stock price is nearing the $500-per-share mark. In its first decade of trading, CAC’s stock averaged $11.43 per share. It crossed the $20 mark in 1995 and the […]