FirstCash Inc.


On November 12, 2021, the Consumer Financial Protection Bureau filed a lawsuit against FirstCash Inc., alleging the pawn shop operator violated the Military Lending Act by charging pawn loan rates to active-duty service members and their dependents exceeding the allowable 36% annual percentage rate.

On this news, shares of FirstCash stock fell 9% in intraday trading on November 12, 2021.

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