LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of FirstCash, Inc. (“FirstCash” or “the Company”) (NASDAQ: FCFS) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Consumer Financial Protection Bureau ("CFPB") filed a lawsuit against FirstCash and Cash America West on November 12, 2021. The CFPB alleges that the companies violated the Military Lending Act by charging interest in excess of the 36% annual rate allowed under the law to active-duty military personnel and their dependents. The CFPB lawsuit seeks an injunction against the Company along with other penalties. Based on this news, shares of FirstCash fell by more than 8.7% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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