← All regulatory updates

Consumer Financial Protection Bureau

CFPB Reaches Settlement with FirstCash, Inc. and Its Subsidiaries for Military Lending Act Violations

July 11, 2025

Summary

The CFPB has reached a settlement regarding allegations that FirstCash, Inc. and its subsidiaries violated the Military Lending Act. This action emphasizes the bureau's enforcement priority regarding the protection of covered borrowers under the Military Lending Act.

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.

Source: https://www.consumerfinance.gov/about-us/newsroom/cfpb-reaches-settlement-with-firstcash-inc-and-its-subsidiaries-for-military-lending-act-violations/

Common questions

What does "CFPB Reaches Settlement with FirstCash, Inc. and Its Subsidiaries for Military Lending Act Violations" cover?
The CFPB has reached a settlement regarding allegations that FirstCash, Inc. and its subsidiaries violated the Military Lending Act. This action…
Which agency issued this update?
This update was issued by Consumer Financial Protection Bureau.
When was it published?
It was published on July 11, 2025.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Related updates