Credit Acceptance Corp. Names Joe Billante CFO
Credit Acceptance Corp. has named Joe Billante chief financial officer to succeed Jay Martin. Martin will retire on July 27 after 23 years at ...
Tag: Credit Acceptance Corp.
Credit Acceptance originations drop 4.3% YoY in Q1
Subprime lender Credit Acceptance Corp.’s originations declined and collection performance weakened in the first quarter, though the financier gained active ...
Exclusive: Credit Acceptance lays off 5% of staff
Auto financier Credit Acceptance laid off 5% of its workforce on April 16, weeks ahead of its first-quarter earnings release. ...
Podcast: Auto lenders balance growth with rising credit, affordability pressures
Auto lenders are working to balance growth against rising credit and affordability pressures as the market adjusts to shifting consumer ...
Competition heats up for underserved consumers in auto
Competition is increasing for auto lenders who serve consumers with thin credit or who don’t qualify for traditional credit. Financiers’ interest in serving ...
Credit Acceptance Corp.’s originations fall 9.1%
Credit Acceptance Corp.’s originations declined in the fourth quarter as the company eyes growth with franchise and large independent dealers alongside AI ...
CAC former CEO Ken Booth says tech, disciplined approach are key
In Ken Booth’s more than 20 years at Credit Acceptance Corp., he has focused on technology enhancements, portfolio growth, and ...
CAC originations fall 16.5%
Credit Acceptance Corp.’s originations decreased in the third quarter as the subprime lender faces increased competition and worse-than-expected loan performance. ...
