Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against FirstCash, Inc. (“FirstCash” or the “Company”) (NASDAQ: FCFS) on behalf of FirstCash stockholders. Our investigation concerns whether FirstCash has violated the federal securities laws and/or engaged in other unlawful business practices.
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On November 12, 2021, the Consumer Financial Protection Bureau (“CFPB”) filed a lawsuit against FirstCash and Cash America West, alleging that the two companies violated the Military Lending Act by charging higher than the allowable 36% annual rate on pawn loans to active-duty service members and their dependents. The CFPB’s lawsuit seeks an injunction, redress for affected borrowers, and a civil money penalty.
On this news, FirstCash’s stock price fell $7.50 per share, or 8.71%, to close at $78.64 per share on November 12, 2021.
If you purchased or otherwise acquired FirstCash shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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