COLUMBIA, S.C., Sept. 18 -- The South Carolina Attorney General issued the following news release:
SEP 18, 2026
(COLUMBIA, S.C.) -Attorney General Alan Wilson announced that South Carolina, along with the attorneys general for 40 other states, has entered into a settlement with Credit Acceptance Corporation (CAC) providing $694 million in cash and debt relief to consumers in connection with their car loans. The state of South Carolina will receive $261,728.66 from the settlement.
CAC is one of the nation's largest auto finance companies, providing car loans to consumers with limited or impaired credit histories. The settlement also includes injunctive terms that, among other things, require CAC to provide consumers disclosures about loan...