UPDATE: Enova (ENVA) Says Revenue of CFPB-Covered Products Could Decline 30% - 40% Under Proposed Rule

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FBR Capital Remains Sidelined on Enova International (ENVA) Following New CFPB Payday Lending Rules

June 7, 2016 8:16 AM EDT

FBR Capital maintained a Market Perform rating and $8.50 price target on Enova International (NYSE: ENVA) following the new CFPB payday lending rules. Total revenues could fall 20% to 25%, based on a 30% to 40% reduction on the 60% to 65% of covered revenues. Regulation in the U.K., which was similarly focused... More