A securities class action has been filed against FirstCash Holdings, Inc. (FCFS) on behalf of all persons who purchased shares of FirstCash common stock between February 1, 2018 through November 12, 2021. This case has been filed in the USDC – N.D.TX.
On November 12, 2021, The Consumer Financial Protection Bureau, or CFPB, filed a complaint in the U.S. District Court for Northern Texas in Fort Worth. The CFPB lawsuit accuses Cash America West and FirstCash of disobeying the Military Lending Act, by charging higher than the allowable 36% annual rate on pawn loans to active-duty service members and their dependents. FirstCash’s stock price has continued to fall since November 12, 2021.