Firstcash Cfpb Settlement

Eligibility

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? Eligibl