JUNEAU, Alaska, Sept. 18 -- The Alaska Department of Law (Attorney General) issued the following news release:
September 17, 2026
(Anchorage, AK) - Alaska and 40 other states have reached a settlement with Credit Acceptance Corporation (CAC), one of the nation's largest auto finance companies for $709.5m in debt relief and cash payments. This settlement resolves allegations that CAC originated loans that it knew or should have known consumers could not afford. Under its terms, CAC will be required to provide hundreds of millions of dollars of debt relief and cash payments to people who were harmed by these unfair loans. The settlement also includes injunctive terms designed to meaningfully reform the company's lending practices help guard...