FirstCash Holdings, Inc.
(NASDAQ GS: FCFS)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of FirstCash Holdings, Inc. ("FirstCash") on behalf of stockholders. 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 sought 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.