Several states are investigating a major company for alleged predatory auto loans

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Credit Acceptance, one of the nation’s largest subprime auto lenders, specializes in lending to people with bad credit. With nearly $2 billion in revenue last year, the company’s shares have soared during the pandemic. Now accepting credit is accused of predatory lending practices. A spokeswoman for the company told NBC News that it intends to vigorously defend itself in court.

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