A $694 million auto-loan settlement includes debt relief for borrowers whose cars were repossessed
Credit Acceptance Corporation, one of the nation’s largest subprime auto lenders, has agreed to a $694 million settlement with a coalition of 41 state attorneys general over car loans the states say borrowers could never afford. The deal, announced September 17, 2026, includes $388 million in debt relief for qualifying borrowers whose cars were repossessed,…