CAC’s Ken Booth to retire, new CEO named
Credit Acceptance Corp. today named a new chief executive and president to replace the retiring Kenneth Booth. The auto lender’s ...
Tag: Credit Acceptance Corp.
Ford Motor director of capital markets confirms ‘no double-pledging’
MIAMI — Auto lenders that target consumers across the credit spectrum are under a microscope following Tricolor Auto’s Chapter 7 ...
Credit Acceptance seeks to reassure investors with 8-K filing
Subprime auto lender Credit Acceptance Corp. is addressing questions from investors on the quality of its loans in an 8-K ...
Credit Acceptance originations plummet 14.6%
Credit Acceptance Corp.’s originations declined in the second quarter as loan performance weakened more than expected. Southfield, Mich.-based Credit Acceptance ...
Credit Acceptance originations down 10.1%
Credit Acceptance Corp.’s originations fell in the first quarter as market share also dipped year over year on the heels ...
CFPB seeks to withdraw from lawsuit against CACC
The Consumer Financial Protection Bureau is withdrawing from a lawsuit against subprime lender Credit Acceptance Corp. that it filed alongside ...
Subprime lenders navigate ‘new normal’ with cautious optimism
Subprime lenders looking to regain momentum in 2025 are expressing measured optimism as they navigate consumer stress and uncertainty in ...
Five questions with … Credit Acceptance CEO Ken Booth
Credit Acceptance Corp. is eyeing growth through improving products, enhancing dealer and customer experiences and prioritizing credit access for nonprime ...
