UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 7, 2023
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Item 8.01. Other Events.
Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our” or “us”), in connection with disclosures the Company expects to make to prospective investors in a potential debt offering, is reporting the following updates to legal matters:
On August 7, 2023, the U.S. District Court for the Southern District of New York stayed the action captioned Consumer Financial Protection Bureau v. Credit Acceptance Corporation, No. 23 Civ. 0038 (JHR), pending the U.S. Supreme Court’s decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., No. 22-448 (“CFSA”). The court ordered the parties to file a joint letter updating the court by the earlier of November 3, 2023, or one week after a major development in the CFSA case. The complaint was filed against the Company on January 4, 2023, as described in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 10, 2023.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CREDIT ACCEPTANCE CORPORATION | |||||||||||
| Date: August 8, 2023 | By: | /s/ Erin J. Kerber | |||||||||
| Erin J. Kerber | |||||||||||
| Chief Legal Officer | |||||||||||