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Consumer Financial Protection Bureau v. FirstCash Inc et al
Case Number:
4:21-cv-01251
Court:
Nature of Suit:
Other Statutes: Other Statutory Actions
Judge:
Firms
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Government Agencies
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May 30, 2025
CFPB Will Settle FirstCash Military Lending Suit
The Consumer Financial Protection Bureau and a leading U.S. pawn store operator announced together that they had agreed to settle the agency's suit alleging that the operator ran afoul of military lending laws, filing a joint status report announcing settlement.
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April 02, 2025
CFPB's FirstCash Lending Suit Paused For Settlement Talks
A Texas federal judge has agreed to pause the Consumer Financial Protection Bureau's Biden-era lawsuit accusing a leading U.S. pawn store operator of military lending violations, a case the agency is now discussing settling after deciding last month to move forward with it.
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March 11, 2025
CFPB Says It Will Proceed With Another Military Lending Suit
The Consumer Financial Protection Bureau has told a Texas federal judge it intends to move forward with a Biden-era lawsuit accusing one of the largest U.S. pawn store operators of military lending violations, despite the agency's moves to scrap a bevy of enforcement actions since the Trump administration's policy shake-up.
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November 08, 2024
Pawn Shop Must Face CFPB's Military Law Claims, Judge Says
In a matter of first impression, a Texas federal judge has ruled that national pawn shop company FirstCash Inc. cannot use a "bona fide error" defense to argue that its alleged violation of the Military Lending Act was an unintentional mishap, saying the defense only applies to private borrower claims, not federal agency suits.
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July 24, 2024
Pawnshop Co. Says Military Law Doesn't Back CFPB's Suit
National pawnshop company FirstCash says the Consumer Financial Protection Bureau should drop certain claims in a suit accusing it of subjecting military families to predatory lending, arguing that the bureau has admitted it has no authority to bring certain claims under the law undergirding the allegations.
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November 12, 2021
CFPB Accuses Pawnshops Of Gouging Military Families
The Consumer Financial Protection Bureau sued one of the U.S.' largest pawn store operators in Texas federal court, saying Friday that FirstCash Inc. violated the Military Lending Act by issuing service members loans with interest rates that "frequently exceeded" 200%.