09/30/2026
We've been busy--but this huge news came out a couple of weeks ago. NYS Attorney General Letitia James secured a huge settlement of $700 million from abusive subprime auto lender Credit Acceptance Corporation.
You wouldn't know it but the seed of this lawsuit came from Genesee Co-op (credit especially to retired CEO Melissa Marquez), where we identified borrowers who we were trying to refinance from their loans--where something seemed wrong. We worked with partners and connected with AG's office who did all the work to make this possible. Credit also to our partners Empire Justice Center for their work on this.
We're working for an equitable and fair economy for all New Yorkers--and we know that needs to go well beyond the walls of our credit union.
NEW YORK – New York Attorney General Letitia James today secured $700 million, including more than $630 million in debt relief for consumers, from Credit