World Acceptance Corporation (NASDAQ: WRLD)

This investigation is for anyone who acquired securities in World Acceptance Corporation (NASDAQ: WRLD) prior to February 23, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company followed applicable law but then by illegally pressuring customers into taking optional insurance on the loans they take out.

On February 23, 2024, the Consumer Financial Protection Bureau (“CFPB”) announced that it had ordered federal supervision for World Acceptance after determining that “World Acceptance does not adequately explain to its customers that the insurance coverage [it] offers is optional,” that the Company “engages in excessive, harassing, and coercive collection practices,” that it “furnishes inaccurate information to consumer reporting agencies or fails to adequately respond to consumer disputes regarding the accuracy of information it has furnished,” and that its business model “relies on serially refinancing its loans.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in World Acceptance Corporation (NASDAQ: WRLD) prior to February 23, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.