The Consumer Financial Protection Bureau (CFPB) has dropped its investigation into World Acceptance Corp., which had been accused of taking advantage of low-income borrowers. According to American Banker, the Greenville, South Carolina-based company announced it received a letter from the consumer agency “indicating the investigation...
February 26, 2024
The Consumer Financial Protection Bureau (CFPB) has taken action to establish supervisory authority over installment lender World Acceptance Corp., saying it aims to ensure compliance with federal consumer financial protection laws. “The CFPB has determined that World Acceptance Corporation has met the legal requirements for supervision,” the agency said in a Friday (Feb. 23) press release. It added: “Importantly, […]
January 24, 2018
The Consumer Financial Protection Bureau (CFPB) has dropped its investigation into World Acceptance Corp., which had been accused of taking advantage of low-income borrowers. According to American Banker, the Greenville,...
