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World Acceptance: What Happens if Credit Insurance disappears?

Posted in Citron Reports by Stocklemon on the May 14th, 2013

World Acceptance's (NASDAQ:WRLD) utter dependence on predatory loan practices has  just been exposed top-to-bottom by Pro Publica, whose award-winning journalism is well above the usual stock market noise.  

Citron adds the investment-related perspective that this company draws over half its profitability from dubious "credit insurance", a loan add-on that is clearly deceptive to  consumers.  The CFPB has already cracked down on two major credit card issuers.  

Citron believes World Acceptance is very vulnerable.  Kudos to Pro Publica. 

 

For the full story on World Acceptance, Click Here. 

 

 


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