FirstCash Holdings, Inc. has settled with the CFPB over alleged violations of the Military Lending Act, agreeing to pay between $5 million and $7 million in consumer redress and a $4 million fine. The company will offer a new pawn lending product for U.S. military members and their families. CEO Rick Wessel expressed disagreement with the allegations but sees settling as the best path forward. The financial impact will be reflected in Q2 2025 GAAP results. FirstCash operates over 3,000 pawn stores in the U.S. and Latin America, focusing on serving cash-strapped consumers with a variety of merchandise and small pawn loans.

Read more at GlobeNewswire: FirstCash Announces Settlement of CFPB Litigation Related