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TAG SEARCH RESULT: Credit Acceptance Corp.

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January 9, 2017 - Industry News

Credit Acceptance's Founder Announces Retirement

Donald Foss, the subprime finance source's founder and chairman, has decided to retire, the company announced on Jan. 4. The company stated in its announcement that it does not plan to fill the role of chairman. In Foss' absence, Thomas Tryforos will lead the board of directors.

Tags: Board of Directors, Credit Acceptance Corp., Retirement

December 19, 2014 - Industry News

Ally Subpoenaed By DOJ

On the same day the U.S. Department of the Treasury sold the last of its remaining 54.9 million shares of Ally common stock, Ally Financial revealed that it has received a subpoena from the Department of Justice related to subprime auto lending.

Tags: Ally Financial, American Honda Finance, Auto Lending, Credit Acceptance Corp., Department of Justice, GM Financial, impact of the Great Recession, Michael A. Carpenter, Santander Consumer USA, Subprime, TARP, Toyota Motor Credit Corp, U.S. Department of Treasury

August 5, 2013 - Industry News

Credit Acceptance Corp. Keeping “Close Eye” on CFPB

In its second quarter earnings call, Credit Acceptance Corp. noted that its relationships with industry associations have kept it up to speed on looming regulations.

Tags: CFPB, Consumer FInancial Protection Bureau, Credit Acceptance Corp., financial regulation

November 29, 2012 - Industry News

Missouri AG Reaches $125K Agreement With Auto Finance Company

Credit Acceptance Corp. settles complaint filed by the Missouri Attorney General over the auto finance company’s collections practices.

Tags: auto finance, auto finance company, Chris Koster, Credit Acceptance Corp., Missouri attorney general

May 4, 2010 - Industry News

Credit Acceptance Increases Revenue, Adds Dealers

Subprime lender Credit Acceptance Corp. reported year-over-year improvements in net income and revenue for the first quarter of 2010. The company also added several new dealer partners and reported gains in loan volume and average loan volume per dealer.

Tags: Credit Acceptance Corp., Subprime

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