Sub-Prime Lender World Acceptance Corp. Receives CID

World Acceptance Corp. (NASDAQ:WRLD) received a civil investigative demand (CID) from the U.S. Consumer Financial Protection Bureau (CFPB) yesterday which contained “broad requests for production of documents, answers to interrogatories and written reports related to loans made by the Company and numerous other aspects of the Company’s business” to determine whether World Acceptance Corp has been violating the Consumer Financial Protection Act or the Truth in Lending Act.

The CID came to light today in a Securities and Exchange Commission filing, and World Acceptance Corp. (NASDAQ:WRLD) has seen its stock price drop almost 20% in less than two hours since then....