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FirstCash, Inc.

Company NameFirstCash, Inc.
Stock SymbolFCFS

On November 12, 2021, the Consumer Financial Protection Bureau (“CFPB”) filed a lawsuit against FirstCash and Cash America West, alleging that the two companies violated the Military Lending Act by charging higher than the allowable 36% annual rate on pawn loans to active-duty service members and their dependents. The CFPB is seeking an injunction, redress for affected borrowers, and a civil money penalty.

On this news, FirstCash share price declined as much as 8.5% during intraday trading on November 12, 2021.

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