Possible Funding Issue Leads to Suspension of Credit Acceptance Suit

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The increase in car prices has come with more predatory loan practices, since so many people are trying to buy cars they can’t afford. Credit Acceptance has been accused of one such predatory loan company, and the Consumer Financial Protection Bureau (CFPB) and New York state regulators have brought a suit against it. But that suit has been paused by a federal judge, according to Automotive News.

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