Credit Acceptance Corporation

Item 1.01 Entry into a Material Definitive Agreement. On September 17, 2026, Credit Acceptance Corporation (the “Company”, “Credit Acceptance”, “we”, “our” or “us”) entered into separate consent judgments (collectively, the “Agreements”) with the office of the attorney general (the “attorney general”) of 40 states (Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, and Wisconsin) (the “State Parties”) and the District of Columbia. The Agreements, each of which is subject to final court approval in the relevant jurisdiction, resolve the previously disclosed lawsuit filed against the Company on January 4, 2023, by the Office of the New York State Attorney General in the United States District Court for the Southern District of New York and claims related to the previously disclosed multi-state investigation to which the Company was subject involving the attorneys general of the District of Columbia and the State Parties other than New York. In entering into the Agreements, the Company has made no admission of wrongdoing or liability. Under the terms of the Agreements, the Company will pay an aggregate of $15.5 million to the attorneys general of the State Parties and the District of Columbia (the “Participating Attorneys General”); will pay a total amount of $60 million to a trust account to be used by a settlement administrator selected by a committee of the Participating Attorneys General for the purpose of remediating alleged consumer losses; and will provide debt relief in the form of a waiver of all outstanding balances to certain customers with open accounts as of December 1, 2025, aggregating to an estimated $634,000,000. Such payments and debt relief will not require the Company to record charges beyond amounts previously accrued and disclosed in the Company’s financial statements. The Agreements require the Company for five years to implement changes to its debt-collection practices for consumer loans originated after December 1, 2025 that meet specified criteria. The Agreements also require, among other things, that, for a seven-year period, the Company issue or require participating dealers to issue additional consumer-facing disclosures regarding vehicle financing, vehicle pricing, and ancillary products and maintain and/or establish policies and practices relating to, among other things, debt relief, affordability‑related protections, dealer oversight and non-use of starter interruption devices. The Company believes these prescriptions and requirements are broadly consistent with regulatory expectations in the automotive finance industry and do not fundamentally alter the Company’s business model or materially affect its business. The Agreements require that the Company provide annual reports addressing the Company’s compliance with the Agreements to a monitoring committee for five years and maintain records necessary to demonstrate compliance for at least three years. The Agreements provide for the release by the attorneys general of specified claims relating to the matters resolved by the Agreements, subject to stated exclusions. There can be no assurance as to whether the court in each relevant jurisdiction will approve the applicable Agreement or as to the timing of such approval. The foregoing description of the Agreements is qualified in its entirety by reference to the copy of the Agreement and the accompanying schedule included in Exhibit 10.1 to this report, which exhibit is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure. On September 17, 2026, the Company issued a press release relating to the Agreements. A copy of the press release is furnished pursuant to Item 7.01 of Form 8‑K as Exhibit 99.1 to this report. The information furnished in this report pursuant to Item 7.01 of Form 8-K, including Exhibit 99.1 to this report, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.