Payday lending, the type of financial services offered by Curo Group Holdings (CURO), has recently been granted a late Christmas present from the CFPB (Consumer Financial Protection Bureau) as it reneged on an order from the previous administration to regulate the industry's lending practices. Alongside this decision, some aspects of the post-financial-crisis Dodd-Frank Act have been changed, allowing for smaller firms to engage in riskier loan practices.
Curo Group has lost around 60% of its value in the last few months as the market turned red, a UK business imploded and regulatory prospects