The recent announcement by a consumer lender in an SEC filing that it had earmarked $21.7 million to resolve an SEC probe into its FCPA compliance could signal new interest by regulators in enforcing the FCPA against consumer financial services providers with operations outside of the U.S. In this podcast, we review what practices are prohibited by the FCPA, which regulators enforce the FCPA, how the FCPA can be enforced and penalties for non-compliance, and tips for avoiding FCPA liability.… Continue Reading
corrupt practices
Consumer lender sets aside $21.7 million to settle Foreign Corrupt Practices Act probe
Posted in Regulatory and Enforcement
South Carolina-based consumer lender World Acceptance Corporation announced recently that it had earmarked $21.7 million to resolve a Securities and Exchange Commission (SEC) probe into its compliance with the Foreign Corrupt Practices Act (FCPA). World Acceptance, however, was clear that its discussions with the SEC to resolve the matter remain ongoing. … Continue Reading