Public Event Detail
CAC deferral rates better than pre-pandemic levels, CEO says
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2026-06-15JPMJPMorgan ChaseAlpha Vantage Newsearnings
Event summary
The CEO of Credit Acceptance Corp., Brett Roberts, reported a significant improvement in the company's forbearance and deferral rates, stating they have dropped below pre-pandemic levels. This positive trend was noted to have improved "pretty dramatically in May" and continued through July 28, 2026, though specific figures were not disclosed. The company attributes this to a return to normal economic conditions and effective risk management strategies.
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