World Acceptance: What Happens if Credit Insurance disappears?


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. 


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