# State Attorneys General Settle with Credit Acceptance

State attorneys general from 40 states and the District of Columbia, including North Carolina, Oregon, Pennsylvania, and Washington, reached a **$694 million multistate settlement** with Credit Acceptance Corporation (CAC) on September 17, 2026. The settlement addresses predatory subprime auto lending practices by CAC, providing significant cash restitution, debt relief, and injunctive measures to reform CAC's lending and dealer oversight practices. These reforms aim to prevent future predatory lending and protect consumers from risky loan terms and unwanted add-ons. The settlement becomes effective November 2, 2026, and includes specific allocations such as $754,000 for Oregon consumers.

- **Why this matters:** Procurement and compliance professionals should note the increased regulatory scrutiny and legal risks associated with subprime auto lending practices, signaling a shift toward stronger consumer protection enforcement.
- Agencies and contractors involved in auto finance or lending services may face new operational restrictions and oversight requirements as a result of the settlement's injunctive terms.
- Businesses providing services to CAC or similar lenders should evaluate contract terms and compliance frameworks to align with the mandated reforms effective November 2026.
- This settlement highlights the importance of transparent lending practices and may influence future procurement policies related to consumer finance and debt management services.

**Jurisdictions:** sled
**Industries:** Public Safety, Professional Services
**Topics:** Regulatory Compliance
**Published:** September 18, 2026

### Government Entities
- North Carolina Department of Justice (NCDOJ)
- Oregon Department of Justice
- Pennsylvania Office of Attorney General
- Washington State Attorney General's Office
- Attorneys General of 40 states and the District of Columbia

### Vendors
- Credit Acceptance Corporation (auto finance company, defendant in settlement)

### Key Quotes
> This settlement holds Credit Acceptance accountable for years of predatory lending and dealer abuse, and it puts money and real debt relief back in the hands of the Oregonians who were impacted.
> — Dan Rayfield, Attorney General

> The law requires that lenders act fairly and transparently so that Washington borrowers understand what they’re signing and do not get saddled with debt they can’t afford to repay.
> — Nick Brown, Attorney General

> This auto loan company did not do their due diligence to ensure the loans they were providing were appropriate for consumers.
> — Dave Sunday, Attorney General

### Sources
- [Attorney General Jeff Jackson Reaches $694 Million Settlement Over Predatory Auto Loans - NCDOJ](https://ncdoj.gov/attorney-general-jeff-jackson-reaches-694-million-settlement-over-predatory-auto-loans/) - Ncdoj
- [Attorney General Rayfield Delivers Win for Oregon Drivers Trapped in Predatory Auto Loans - Oregon Department of Justice  : Media](https://www.doj.state.or.us/media-home/news-media-releases/ag-rayfield-delivers-win-for-oregon-drivers-trapped-in-predatory-auto-loans/) - OR
- [Attorney General Sunday Joins $694 Million National Settlement with Subprime Auto Lender Credit Acceptance Corporation - PA Office of Attorney General](https://www.attorneygeneral.gov/taking-action/attorney-general-sunday-joins-694-million-national-settlement-with-subprime-auto-lender-credit-acceptance-corporation/) - Attorney General