Credit Acceptance Corp.'s net income fell 42 percent to $127.3 million during the fourth quarter, a decline driven primarily by a need to set more money aside for potential credit losses in light of ...

The next chapter in Jim Landy’s career in auto finance will arrive through another acquisition involving a lender and an ...

Credit Acceptance, a subprime auto lending company, is being sued by the New York Attorney General's Office and the Consumer Financial Protection Bureau. The two entities allege the lender misled ...

Credit Acceptance Corp.'s net income fell 35 percent year over year during the first quarter as the major national auto lender grew its loan portfolio but had higher expenses, saw a slower cash flow ...

Credit Acceptance Corporation CACC is well-poised for top-line growth, supported by decent demand for auto loans and an increase in dealer enrollments and active dealers. However, elevated expenses, ...

On Thursday, Credit Acceptance Corp. announced the completion of a $398.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the subprime auto finance company said it ...

NEW YORK (Reuters) -Credit Acceptance Corp was sued on Wednesday by the U.S. Consumer Financial Protection Bureau and New York Attorney General Letitia James, who said the subprime auto lender engaged ...

Upon the final closing of the transaction, Jim Landy, a seasoned auto finance executive and founder, will assume the role of Chief Executive Officer at Flagship. "This is an exciting moment for ...

Credit Acceptance Corp.'s net income fell during the second quarter to $107.4 million, down 63 percent from a year earlier, dragged down mainly by a need to set aside $178 million as a precaution ...

Credit Acceptance Corp. reported double-digit increases in auto loan volume and value during the third quarter as the Southfield-based subprime auto lender did business with significantly more ...