US EditionConsumer Financial Protection Bureau withdraws from case against auto lender
- The Consumer Financial Protection Bureau filed a motion to withdraw from its lawsuit against Credit Acceptance on April 24, 2025.
- CFPB and New York Attorney General jointly filed the suit in 2023 alleging deceptive used car loan practices and hidden costs.
- The action sought to change Credit Acceptance practices, recover funds, and impose penalties.
- Credit Acceptance Chief Legal Officer Erin Kerber stated the company is "pleased with the CFPB's decision".
- If granted, the withdrawal significantly reduces the case's scope to New York consumers, leaving the NYAG as sole plaintiff.
Insights by Ground AI
Does this summary seem wrong?
24 Articles
24 Articles
All
Left
5
Center
3
Right
3
Consumer Financial Protection Bureau withdraws from case against auto lender
(The Center Square) – The Consumer Financial Protection Bureau is backing off a lawsuit against a Michigan-based auto lender in a move that the American Financial Services Association said was good news for those struggling to get car loans.
Coverage Details
Total News Sources24
Leaning Left5Leaning Right3Center3Last UpdatedBias Distribution45% Left
Bias Distribution
- 45% of the sources lean Left
45% Left
L 45%
C 27%
R 27%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
