CFPB recommends no enforcement action
Company Website:
https://www.loansbyworld.com/
GREENVILLE, S.C. -- (Business Wire)
World Acceptance Corporation (NASDAQ: WRLD), one of the largest
small-loan consumer finance companies in North America, today announced
the company received a letter from the Consumer Financial Protection
Bureau indicating the investigation into the company’s marketing and
lending practices has been completed.
More importantly, the CFPB noted it does not intend to recommend
enforcement action. As a result, the company is relieved of the
document-retention obligations required by the bureau’s investigation.
“This is a significant step forward for the company,” stated Interim
President and CEO Jim Wanserski. “During the investigation, I understand
our teamfully cooperated with the bureau and responded to every
request for information within the specified deadlines.
“I am greatly appreciative of our team’s diligence and professionalism
that allowed the company to help bring the investigation to a
conclusion.”
About World Acceptance Corporation
World Acceptance Corporation (NASDAQ: WRLD) is one of the largest
small-loan consumer finance companies, operating 1,331 offices in 15
U.S. states and Mexico. For more information, visit www.loansbyworld.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180122006623/en/
Contacts:
Cookerly Public Relations
Cory Stewart, 404-816-2037
cory@cookerly.com
Source: World Acceptance Corporation
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