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 team fully 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.