$CACC (CREDIT ACCEPTANCE) — 8-K: Credit Acceptance to pay $75.5M to settle multistate AG probe, no added charges

Credit Acceptance will pay $60 million into a consumer relief fund and $15.5 million to 41 participating attorneys general, plus waive outstanding balances for certain customers, under consent judgments resolving 2023 New York AG litigation and a 2020 multistate investigation. The settlement includes no admission of fault, and the monetary components require no additional charges beyond amounts already accrued. The company said the resolution does not fundamentally alter its business model and adds consumer-facing disclosures on vehicle pricing, ancillary product affordability protections, and dealer oversight.

Credit Acceptance will pay $60 million into a consumer relief fund and $15.5 million to 41 participating attorneys general, plus waive outstanding balances for certain customers, under consent judgmen