CACC news

Credit Acceptance entered into a Final Judgment and Consent Decree with the Consumer Protection Division of the Maryland Attorney General without admitting liability, joining similar settlements with multiple other state Attorneys General.

Credit Acceptance Corporation amended its credit agreement, extending the maturity date to June 22, 2029. The refinancing maintains the company's access to committed credit facilities under revised terms.

Credit Acceptance Corporation announced Joe Billante will become Chief Financial Officer effective July 27, 2026, succeeding Jay Martin who is retiring after 23 years of service. Billante brings 25+ years of executive finance experience from Barracuda Networks, eBay, and General Electric.