New York AG eyes Credit Acceptance Corp. in fresh probe
The Office of the New York State Attorney General is considering bringing claims against Credit Acceptance Corp. in connection with ...
Tag: Credit Acceptance Corp.
Eisman’s biggest short is subprime lender Credit Acceptance
Steve Eisman, the Neuberger Berman Group portfolio manager made famous by successfully wagering against subprime loans a decade ago, said ...
Lenders eye 2021 expansion with new hires
The auto finance sector is on track for growth in 2021, if job listings are any indication. In fact, Auto ...
Weekly Wrap: Spotlight on used vehicles
Last week, used-car values in the Manheim Used Vehicle Value Index increased once again after a month of decline back ...
Low-cost financing spurs CAC’s largest ABS deal
Lower base rates and attractive credit spreads in the auto ABS market have helped usher in Credit Acceptance Corp.’s largest ...
Massachusetts AG probe signals heightened scrutiny of subprime sector
Increasing vehicle prices have long spurred car buyers to hunt for affordable monthly payments, but now that ability to repay ...
CAC deferral rates better than pre-pandemic levels, CEO says
Credit Acceptance Corp.’s forbearance and deferral rates have dropped to below pre-pandemic levels after improving “pretty dramatically in May” and ...
How subprime lenders face the coronavirus economy
What a difference a few months make. Last year, subprime lenders outpaced banks, captives and credit unions at a rate ...
