CACC
CREDIT ACCEPTANCE CORP
NASDAQ · Financial Services · Financial - Credit Services · US
$578.29
−2.05%Sep 20, 2026, 15:15 UTC
Oregon Attorney General Dan Rayfield announced a $694 million multistate settlement with Credit Acceptance Corp. resolving allegations of predatory auto lending, with the agreement scheduled to take effect on Nov. 2, 2026.
Source:Sep 18, 2026, 23:59 UTC
Alaska joined 40 states in a $709.5 million settlement with auto lender Credit Acceptance Corporation.
Sep 18, 2026, 22:00 UTC
South Dakota and 39 other states plus the District of Columbia reached a multistate settlement with auto finance company Credit Acceptance Corporation over allegations it approved loans that increased the likelihood of consumer default and vehicle repossession, with South Dakota receiving just under $105,000.
Source:Sep 18, 2026, 17:30 UTC
Indiana Attorney General Todd Rokita announced a multistate settlement with Credit Acceptance Corporation delivering nearly $34.7 million in cash and debt relief to Indiana consumers over allegedly unaffordable auto loans and dealer packing of add-on products.
Source:Sep 17, 2026, 18:05 UTC
Credit Acceptance reached a settlement with state attorneys general, resolving longstanding litigation without requiring material changes to its operations.
Sep 15, 2026, 20:02 UTC
Credit Acceptance Corporation extended the revolving period of its $500.0 million revolving secured warehouse facility from September 20, 2027 to September 15, 2028 and lowered the borrowing rate to SOFR plus 175 basis points.
Source:Sep 4, 2026, 20:14 UTC
Credit Acceptance Corp announced that Jay D. Martin will transition to the role of unsalaried employee advisor effective September 3, 2026, with continued vesting of outstanding equity awards and certain benefit provisions during the term.
Aug 20, 2026, 20:02 UTC
Credit Acceptance Corporation completed a $600.0 million asset-backed non-recourse secured financing, conveying loans valued at approximately $750.2 million to a special purpose entity that will issue three classes of notes.
Source:Aug 20, 2026, 07:24 UTC
Bank of America Corp DE increased its stake in Credit Acceptance Corporation by 47.9% during the second quarter of 2026, according to a Form 13F filing.
Source:Aug 13, 2026, 13:00 UTC
Credit Acceptance Corporation announced that Jeetu Mirchandani will join the company as Chief Technology Officer on August 27, 2026, to lead its engineering organization and technology strategy.
Source:Aug 4, 2026, 20:02 UTC
Credit Acceptance Corporation announced its financial results for the second quarter of 2026, reporting consolidated net income of $135.9 million, or $12.66 per diluted share, and adjusted net income of $130.1 million, or $12.12 per diluted share, for the three months ended June 30, 2026.
Jul 24, 2026, 00:00 UTC
Ravi Mohan departed as Chief Technology Officer of Credit Acceptance Corp effective August 14, 2026, by mutual agreement.
Source:Jun 10, 2026, 20:30 UTC
Credit Acceptance Corporation appointed Joe Billante as Chief Financial Officer, effective July 27, 2026, succeeding Jay Martin who will retire on the same date.
Source:Jun 9, 2026, 20:02 UTC
Credit Acceptance Corporation extended the maturity of its revolving secured line of credit facility from June 22, 2028 to June 22, 2029 and reduced the interest rate from SOFR plus 197.5 basis points to SOFR plus 175 basis points.
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