Skip to main content

Credit Acceptance Corporation

On January 4, 2023, the Bureau and New York Attorney General Letitia James filed a joint lawsuit in the United States District Court for the Southern District of New York against Credit Acceptance Corporation, an indirect auto lender that funds and services car loans for subprime and deep-subprime consumers. The joint complaint alleged that Credit Acceptance engaged in deceptive and abusive acts or practices in violation of the Consumer Financial Protection Act of 2010.

On April 24, 2025, the Bureau filed a consent motion to withdraw as a plaintiff, which the court granted on April 29, 2025.

Complaint

Order Granting Consent Motion by Plaintiff Consumer Financial Protection Bureau to Withdraw as Plaintiff

Press release

CFPB and New York Attorney General Sue Credit Acceptance for Hiding Auto Loan Costs, Setting Borrowers Up to Fail


Page last modified @

View older versions of this page at our public archive.