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Company: Credit Acceptance Corporation
Current Parent Company:
Credit Acceptance Corp.
Parent at the Time of the Penalty Announcement:
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Penalty: $30,000
Year: 2018
Date: November 20, 2018
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: $30,000 fine levied for acting as the obligor of guaranteed asset protection waivers sold to Washington residents without being registered to do so, the Company violated RCW 48.160.020(2); WAC 284-160-030.
Level of Government: state
Action Type: agency action
Agency: Washington State Office of the Insurance Commissioner
Civil or Criminal Case: civil
Facility State: Washington
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: motor vehicle financing
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.