SHAREHOLDER ALERT: CURO Group Holdings Corp. Officers and Directors Under Investigation for Allegedly Misleading Statements Concerning Short-Term Pay Day Loans

SHAREHOLDER ALERT: CURO Group Holdings Corp. Officers and Directors Under Investigation for Allegedly Misleading Statements Concerning Short-Term Pay Day Loans

Schubert Jonckheer & Kolbe LLP is investigating shareholder that is potential claims with respect to stockholders of CURO Group Holdings Corp. (NYSE: CURO) linked to the business’s statements regarding its 2018 change away from short-term pay day loans in Canada the business’s many lucrative type of company.

Historically, the issuance of short-term pay day loans at high rates of interest is key to Curo’s economic success and a driver that is key of development. Nevertheless, as regulators in Canada increasingly cracked down on predatory financing techniques, Curo eliminated these profitable single-pay loans in 2018 in support of open-end loan products with significantly reduced yields. In performing this, Curo guaranteed investors that any negative effect on its company could be minimal. Yet, Curo later revealed on October 24, 2018 that this change somewhat impacted Curo’s economic outcomes, causing a year-over-year decrease in Canadian income. ادامه مطلب …