CURO Comments on Consumer Financial Protection Bureau Matter
22 August 2023 - 10:54PM
Business Wire
CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the
“Company”), an omni-channel consumer finance company serving
consumers in the U.S. and Canada, today received notice via a press
release of a complaint filed by the Consumer Financial Protection
Bureau (“CFPB”). The complaint relates to certain small loans
originated by Heights Finance’s subsidiaries prior to its
acquisition in 2021. CURO has previously disclosed the underlying
civil investigative demand and our related indemnification rights
in public filings with the Securities and Exchange Commission.
Small loans represent less than 15% of the Company’s Direct
Lending portfolio as of June 30, 2023.
The Company provides its customers with compliant and valuable
access to credit. CURO denies the allegations and will vigorously
defend its business practices.
About CURO
CURO Group Holdings Corp. (NYSE: CURO) is a leading consumer
credit lender serving U.S. and Canadian customers for over 25
years. Our roots in the consumer finance market run deep. We’ve
worked diligently to provide customers a variety of convenient,
easily accessible financial services. Our decades of diversified
data power a hard-to-replicate underwriting and scoring engine,
mitigating risk across the full spectrum of credit products. We
operate a number of brands including Cash Money®, LendDirect®,
Flexiti®, Heights Finance, Southern Finance, Covington Credit,
Quick Credit and First Heritage Credit.
(CURO-NWS)
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Investor Relations: Email:
IR@curo.com
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