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World Acceptance discusses potential CFPB enforcement
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Banking
Tuesday, August 18, 2015
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In a filing with the Securities and Exchange Commission, World Acceptance Corp. announced that it received a letter from the Consumer Financial Protection Bureau on Aug. 7, in which the bureau notified the company that its Enforcement Office was considering recommending that the bureau take legal action against the company for alleged violations of the Dodd-Frank Act’s prohibition of “unfair, deceptive or abusive acts or practices.”
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