Credit Acceptance to restate financial results


LOS ANGELES, June 24 (Reuters) - Credit Acceptance Corp. , a provider of consumer auto loans, on Friday said it will restate financial results after U.S. regulatory review of its accounting policies, which the company said have been in place since its initial public offering in 1992. The company said the U.S. Securities and Exchange Commission has found that its method for recording automobile loans should be changed to that of a servicer of loans generated by automobile dealers and a ...

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