Military Lending Act

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CFPB and FirstCash Settle Lawsuit Involving Military Lending Act
PYMNTS.com· 2025-07-12 08:32
The Consumer Financial Protection Bureau (CFPB) and retail pawn store operator FirstCash said Friday (July 11) that they reached a settlement on FirstCash’s alleged violations of the Military Lending Act (MLA).By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .If entered by the court, the proposed order would require FirstCash and 18 subsidia ...
FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act
Globenewswire· 2025-07-12 06:12
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 reached this agreement with the CFPB. While we disagree with the ...