NEW YORK ( TheStreet) -- Financial services company JGWPT Holdings (JGW - Get Report) is tumbling on Tuesday after reporting its fourth quarter and following the disclosure it had been served with a Civil Investigative Demand (CIDs) from the Consumer Financial Protection Bureau (CFPB).
By early afternoon, shares had taken off 14.6% to $15.59.
In its fourth quarter, the company earned adjusted net income of $11.2 million, more than half of its year-ago net income, and revenue of $106.6 million, 15.5% lower than a year earlier.
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