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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
文章核心观点 - 公司宣布与消费者金融保护局就涉嫌违反《军事借贷法》达成和解,将提供新产品、支付消费者赔偿和罚款,财务影响将反映在二季度财报中 [1][2] 公司概况 - 公司是国际领先的典当行运营商,在美国和拉丁美洲拥有超3000家零售典当行,服务现金和信贷受限消费者 [3] - 公司典当业务占年化部门收益约80%,其余由子公司AFF提供租赁和零售金融支付解决方案贡献 [3] - 公司是标准普尔中型股400指数和罗素2000指数成分股,普通股在纳斯达克交易 [4] 和解协议内容 - 公司虽不同意消费者金融保护局指控,但认为和解是最佳前进道路,仍致力于服务客户 [2] - 和解协议待法院最终批准,公司将为美国军人及其家属提供新典当贷款产品 [2] - 公司将支付500万至700万美元消费者赔偿和400万美元罚款,财务影响反映在2025年二季度GAAP财务结果中 [2] 联系方式 - 如需更多信息可联系Gar Jackson,电话(817) 886 - 6998,邮箱gar@globalirgroup.com [5] - 也可联系执行副总裁兼首席财务官Doug Orr,电话(817) 258 - 2650,邮箱investorrelations@firstcash.com,网站investors.firstcash.com [5]