The Consumer Financial Protection Bureau released World Acceptance Corp. from a Biden-era order subjecting the installment lender to agency supervision, the company said in a securities filing.
Former CFPB Director Rohit Chopra had placed Greenville, S.C.-based World Acceptance under agency supervision in an order publicly disclosed in February 2024 using the agency’s “dormant authority” to determine companies pose an enhanced risk to consumers.
But the Trump administration’s CFPB notified World Acceptance on May 12 that it’s “’shifting its supervisory priorities to focus on pressing threats to consumers’ and that supervision of the Company ‘is not consistent with these ...
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