FirstCash $9M Military Lending Act Violations Settlement

FirstCash $9M Military Lending Act Violations SettlementIndividuals who received a pawn loan from FirstCash as a service member or dependent may be eligible to claim a cash payment from a settlement.FirstCash $9M Military Lending Act Violations SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.Nicole AljetsEditor & Community ManagerPublishedSeptember 2, 2026 12:57 PMUpdatedSeptember 2, 2026Join the DiscussionIndividuals who received a pawn loan from FirstCash or any of its affiliated companies between Oct. 3, 2016, and Jan. 11, 2026, while they were an active-duty service member or dependent may be eligible to receive a cash payment from a settlement.FirstCash Inc. and related companies agreed to pay $9 million to settle a Consumer Financial Protection Bureau lawsuit alleging violations of the Military Lending Act and the Consumer Financial Protection Act in connection with pawn loans issued to covered service members and their dependents. Who is eligible to receive a FirstCash payment?Individuals must meet the following criteria to be eligible for a payment:They received a pawn loan from FirstCash or any of its related entities between Oct. 3, 2016, and Jan. 11, 2025 (the settlement's effective date).At the time of the loan, they were a covered military member or dependent as defined by 10 U.S.C. § 987 or a covered borrower under 32 C.F.R. § 232.3.The pawn loan had a military annual percentage rate exceeding 36%, included a mandatory arbitration provision or did not meet the disclosure requirements of the MLA, including the requirement that each loan include a statement of the maximum annual pension rate applicable to the loan.How much are settlement payments?