In action that could reverberate throughout the consumer finance industry, attorneys in Georgia and Alabama have filed massive litigation against World Acceptance Corp. and 30 other companies, claiming truth-in- lending violations.

Two companion suits for which class-action status has been sought say World Acceptance and the other companies violated federal and state laws by failing to disclose "nonfile insurance" premiums as a fee or finance charge.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.