Each week, Crowell & Moring’s State Attorneys General team highlights significant actions that State AGs have taken. See our State Attorneys General page for more insights. Below are the updates from September 18-23, 2026:
Multistate
- A bipartisan coalition of 41 attorneys general announced a $694 million settlement with Credit Acceptance Corporation (CAC), one of the nation’s largest subprime auto lenders. CAC allegedly provided loans it knew or should have known that consumers could not afford and allowed unlawful “packing” of Vehicle Service Contracts (VSC) and Guaranteed Asset Protection (GAP) products onto consumer auto loans. The settlement provides $60 million in cash restitution for consumers who received particularly risky loans, $388 million in debt relief for consumers whose vehicles were repossessed, and $246 million in debt relief to allow consumers to keep their vehicles, plus $15 million paid to the states. CAC will also be required to provide pre-loan risk disclosures, institute a seven-year vehicle price cap of 109% of retail book value, implement off-ramps for quickly failing loans, and establish enhanced dealer monitoring.
