ATTORNEY GENERAL RUSSELL COLEMAN HAS ANNOUNCED A 694-MILLION DOLLAR SETTLEMENT WITH “CREDIT ACCEPTANCE CORPORATION”…..AFTER THE COMPANY
SOLD PREDATORY LOANS TO CUSTOMERS THEY KNEW COULDN’T AFFORD THEM….
AS PART OF THE SETTLEMENT….KENTUCKY CONSUMERS WILL RECEIVE MORE THAN 10-MILLION DOLLARS IN DEBT RELIEF AND RESTITUTION……C-A-C MUST ALSO DISCLOSE
LOAN RISKS TO CUSTOMERS…..PROTECT CONSUMERS FROM CERTAIN RISKY C-A-C LOANS….AND HELP GUARD CUSTOMERS FROM UNWANTED VEHICLE SERVICE CONTRACTS
AND GUARANTEED ASSET PROTECTION PRODUCTS…..
IN ADDITION…..THE COMMONWEALTH WILL RECEIVE MORE THAN 264-THOUSAND DOLLARS IN MONETARY RELIEF……