The Law Offices of Frank R. Cruz announces an investigation of FirstCash, Inc. (“FirstCash” or the “Company”) (NASDAQ: FCFS) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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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 is seeking an injunction, redress for affected borrowers, and a civil money penalty.
On this news, FirstCash share price declined as much as 8.5% during intraday trading on November 12, 2021.
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If you purchased FirstCash securities, have information or 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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