CategoryFinance Insurance

N.Y., CFPB sue Credit Acceptance, allege unaffordable, misleading loans

Rohit Chopra
CFPB Director Rohit Chopra: "Credit Acceptance obscured the true cost of its loans to car buyers, leading to severe financial distress for borrowers and subjecting them to aggressive debt collection tactics." (BLOOMBERG)
January 05, 2023 12:05 PM