Credit Acceptance settles multistate AG investigation for $75.5M cash and $634M debt relief

CREDIT ACCEPTANCE CORP

Pays $15.5M to attorneys general and $60M to consumer relief fund; no admission of wrongdoing.
Waives ~$634M in outstanding balances for certain customers with open accounts as of Dec 1, 2025.
No additional charges beyond amounts previously accrued and disclosed in financial statements.
Five-year compliance requirements: consumer disclosures, affordability protections, dealer oversight, non-use of starter interruption devices.
Settlements subject to court approval; resolves 2023 NY AG lawsuit and multistate investigation.

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