CFPB Reaches Settlement with FirstCash, Inc. and Its Subsidiaries for Military Lending Act Violations
AI Summary
• FirstCash, Inc., and its nineteen subsidiaries agreed to a settlement with the CFPB for Military Lending Act violations.
• The stipulated final judgment and proposed order will resolve the lawsuit if approved by the court.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities. It is a general federal enforcement action.
Original Content
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.