Abdalla Al-ayrot
Long only, deep value, special situations

The Beginning Of The End Of World Acceptance Corporation

World Acceptance Corporation (NASDAQ:WRLD) filed an 8-K filing announcing that it has received a Civil Investigative Demand ("CID") from the Consumer Financial Protection Bureau ("CFPB") with the stated purpose of determining

"whether finance companies or other unnamed persons have been or are engaging in unlawful acts or practices in connection with the marketing, offering, or extension of credit in violation of Sections 1031 and 1036 of the Consumer Financial Protection Act, 12 U.S.C. §§ 5531, 5536, the Truth in Lending Act, 15 U.S.C. §§ 1601, et seq., Regulation Z, 12 C.F.R. pt. 1026, or any other Federal consumer financial law" and "also to determine whether Bureau action to obtain legal or equitable relief would be in the public...

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