NSADAQ: CACC

Credit Acceptance Corp.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public.

If you purchased Credit Acceptance securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

On January 4, 2023, the Consumer Financial Protection Bureau and the New York State Attorney General’s Office announced the filing of a complaint against Credit Acceptance. The lawsuit alleged that Credit Acceptance, a subprime auto lender, hid the true costs of its borrowings, used aggressive debt-collection tactics, and violated New York usury laws on interest-rate limits and other investor-protection laws.

On this news, the price of Credit Acceptance’s shares fell $52.69, or over 11%, to close at $403.49 per share on January 4, 2023, damaging investors.

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