FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act - FirstCash Hldgs (NASDAQ:FCFS)

US CFPB reaches settlement with FirstCash for alleged Military Lending ...

FirstCash Holdings, Inc. Reaches Settlement with CFPB Over Military Lending Act Allegations

FirstCash settles with CFPB over Military Lending Act violations, agreeing to provide new military lending products and financial redress.

CFPB Reaches Settlement with FirstCash Over Military Lending Violations

Tweet WASHINGTON, D.C. — Today, in the Consumer Financial Protection Bureau’s (CFPB) November 12, 2021, lawsuit against FirstCash, Inc., and nineteen subsidiaries alleging violations of the Military Lending Act (MLA), the parties reached a settlement and jointly filed a stipulated final judgment and proposed order, which if entered by the court, would resolve the lawsuit. The MLA puts in place protections for active duty servicemembers and certa…

FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act

FORT WORTH, Texas, July 11, 2025 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), a leading international...

FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act - FirstCash Hldgs (NASDAQ:FCFS)

FORT WORTH, Texas, July 11, 2025 (GLOBE NEWSWIRE) -- FirstCash Holdings, Inc. ("FirstCash" or the "Company") (NASDAQ:FCFS), a leading international operator of over 3,000 retail pawn stores in the U.S. and Latin America, today announced that it has reached a settlement with the Consumer Financial Protection Bureau ("CFPB") regarding alleged violations of the Military Lending Act. Rick Wessel, CEO of FirstCash, stated, "We are pleased to have rea…

Pawn lender FirstCash to pay $9 million for MLA violations

In a surprise settlement, the Consumer Financial Protection Bureau ordered the Texas lender to pay a penalty and compensate for overcharging service members on more than 45,000 loans.