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0 0.00175131348511395 -0.0017513134851138 0.00525394045534155 0.0157618213660247 0.021015761821366 0.0262697022767076 -0.0017513134851138
Stock impact report

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

CURO Group Holdings Corp. (CURO) 
Last curo group holdings corp. earnings: 5/1 04:00 pm Check Earnings Report
Company Research Source: PR Newswire
SAN FRANCISCO, April 20, 2020 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP is investigating potential shareholder derivative claims on behalf of stockholders of CURO Group Holdings Corp. (NYSE: CURO) related to the company's statements regarding its 2018 transition away from short-term payday loans in Canada—the company's most profitable line of business.Historically, the issuance of short-term payday loans at high interest rates has been key to Curo's financial success and a key driver of its growth. However, as regulators in Canada increasingly cracked down on predatory lending practices, Curo phased out these lucrative single-pay loans in 2018 in favor of open-end loan products with significantly lower yields. In doing so, Curo assured investors that any negative impact on its business would be minimal. Yet, Curo later revealed on October 24, 2018 that this shift significantly impacted Curo's financial results, resulting in a year-over-year decline in Canadian revenue. In respons Show less Read more
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