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Several States Investigating Major Company For Alleged Predatory Car Loans

NBC, 01 May 2021
Credit Acceptance, one of the country’s largest subprime car lenders, specializes in loans to people with tarnished credit. With nearly $2 billion in revenue last year, the company’s shares soared during the pandemic. Now Credit Acceptance is being accused of predatory lending practices. A company spokeswoman told NBC News it intends to defend itself vigorously in court.
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