Credit Acceptance delays quarterly SEC filing due to COVID-19

• Nicole Casperson and Joey Pizzolato
• April 21, 2020
• Earnings, Risk Management

Credit Acceptance Corp. has suspended its first-quarter earnings report due to the “adverse impact” the...

Subprime stocks drop $7B in market cap since March

• Marcie Belles
• April 15, 2020
• Risk Management

The auto finance sector has been pressured from all sides since COVID-19 took root in...

Ford, Toyota, Cap One inject $4.6B into ABS market

• Nicole Casperson
• March 2, 2020
• Capital Markets

Auto asset-backed securities volume is growing this year, with volumes outpacing last February’s levels to...

Auto ABS roundup: Ford Credit, Cap One, Santander, and more

• Nicole Casperson and Bianca Chan
• February 7, 2020
• Capital Markets, Update

Auto lenders brought more than $6.4 billion in asset-backed securities to market this week, in...

Credit Acceptance sees ‘fall off’ in new dealer volume

• Nicole Casperson
• February 4, 2020
• Sales & Marketing

New dealer enrollment at Credit Acceptance Corp. has experienced a “fall off” in the fourth...

Credit Acceptance issues $400M senior note offering

• Joey Pizzolato
• December 10, 2019
• Capital Markets, Finance

Credit Acceptance Corp. is issuing $400 million in senior notes — due in 2024 —...

FASB extends accounting deadline — for some

• Marcie Belles
• October 18, 2019
• Compliance & Regulation, Credit Performance, Earnings

Smaller banks and credit unions now have until 2023 to comply with the Financial Accounting...

Credit Acceptance tops $1B in warehouse facility credit 

• Nicole Casperson
• July 29, 2019
• Capital Markets

Credit Acceptance Corp. (CAC) has announced the completion of a $200 million revolving secured warehouse...