Dept. of Justice: Joins $694 million multistate settlement with subprime auto lender credit acceptance corporation

MADISON, Wis. – The Wisconsin Department of Justice (DOJ) is announcing that Wisconsin and a coalition have entered into a settlement with Credit Acceptance Corporation (CAC) providing $694 million in cash and debt relief to consumers in connection with their car loans. Wisconsin will receive an estimated $218,319 and Wisconsin consumers will receive an estimated $959,988 in restitution and over $...