Citron Research says World Acceptance a 'sub-sub-sub-prime investment' A report from Citron Research highlights a piece by ProPublica that documents, "how [World Acceptance (WRLD)] is engaged in systemic fraud by forcing customers to buy credit insurance." Citron's report says the CFPB has brought actions against Capital One (COF) and Discover (DFS) over the same credit insurance issue highlighted by ProPublica. Citron adds that half of World's revenue comes from what it calls "income boosting deception that two major credit card companies have already been clobbered over." Shares of World Acceptance are at their lows after Citron's report, down $3.74, or 4.04%, to $88.76. Reference Link
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