Violation Tracker Individual Record
Company:
Credit Acceptance Corp.
Current Parent Company:
Credit Acceptance Corp.
Penalty:
$125,000
Year:
2012
Date:
November 21, 2012
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Violation Description:
Credit Acceptance Corp. agreed to pay $125,000 in settlement of allegations it collected payments and obtained judgments on automobile loans where the purchaser of the vehicle never obtained a proper certificate of title.
Level of Government:
state
Action Type:
agency action
Agency:
Missouri Attorney General
Civil or Criminal Case:
civil
Facility State:
Missouri
HQ Country of Parent:
USA
HQ State of Parent:
Michigan
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
motor vehicle financing
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
