NEW YORK, Jan. 13, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against the Credit Acceptance Corporation CACCand UP Fintech Holding Limited TIGR. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

credit acceptance company CACC

On January 4, 2023, information was released regarding the US Consumer Financial Protection Bureau and the New York State Office of the Attorney General filing a joint lawsuit against the company. The CFPB stated that the credit acceptance violated the New York usury laws on interest rate limits and other consumer and investor protection laws.

The Attorney General of New York seeks to stop Credit Acceptance’s abusive and deceptive practices, reform or void existing credit agreements, compensate affected New Yorkers, and seek penalties and damages for this unacceptable and illegal conduct.

Following this news, the company’s shares closed up 11.61% on January 4, 2023.

You can find more information about the credit acceptance check at: https://bespc.com/cases/CACC

UP Fintech Holding Limited TIGR

On December 30, 2022, the China Securities Regulatory Commission issued a statement that UP Fintech had been conducting cross-border securities trading operations for years without the commission’s approval. In particular, China’s securities regulator stated that “[UP Fintech’s] Act constitutes an illegal operation of securities business under the Securities Act and related regulations[.]”

Due to this news, UP Fintech’s share price fell sharply on December 30, 2022.

For more information on the UP Fintech investigation, visit: https://bespc.com/cases/TIGR

About Bragar Eagle & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York,…