FirstCash pawn loans to servicemembers, CFPB redress (Military Lending Act) settlement
Consumer Financial Protection Bureau v. FirstCash, Inc., et al. (CFPB redress; not a class action)
Also known as Cash America; CFPB v. FirstCash; MLA pawn loans; 4:21-cv-01251
The CFPB said FirstCash made pawn loans to servicemembers and families that broke the Military Lending Act.
Copied from the official notice. Last compared Nov 7, 2026.
- You could get
- 120% of fees paid
Source
“120% of fees paid, or fees plus principal if not redeemed”
From the court record: Stipulated Final Judgment and Order, CFPB v. FirstCash, N.D. Tex. No. 4:21-cv-01251-P, Dkt. 134 (hosted by Simpluris for the official site). Last compared Nov 7, 2026.
- Payments
- Approved, not paid yet Court approved Jul 11, 2025. Has it paid yet? See payment status.
Source
“The Settlement requires the Bureau and FirstCash to undertake several steps to determine who is eligible for Settlement payments. That process is ongoing. Please check this website for updates.”
From the administrator site: Official FAQ. Last compared Nov 7, 2026.
- Claims
- No claim form needed
Source
“Submit a payment election form online within 30 days of receipt of a redress notice in the mail ... Submit a payment election form by mail within 30 days of receipt of a redress notice in the mail ... Submit a payment election form via email within 30 days of receipt of a redress notice in the mail ... If you do nothing, a payment will be sent by paper check and mailed to you.”
From the administrator site: Official redress website home page. Last compared Nov 7, 2026.
- Who can file
- Servicemember or dependent with a FirstCash pawn loan, 2016 on
Source
““Affected Consumers” includes any consumer who, between October 3, 2016, and six months after the Effective Date of July 11, 2025, and as exclusively determined through the processes set forth in paragraph 20 of this Stipulated Final Judgment and Order, met the definition of “covered member” or “dependent” in 10 U.S.C. § 987 or a “covered borrower” in 32 C.F.R. § 232.3 (collectively, Covered Borrower), and who, while meeting the definition of a Covered Borrower, took out a pawn loan from Defendants either with (1) a Military Annual Percentage Rate (MAPR), 32 C.F.R. §§ 232.3(p) and 232.4, exceeding 36 percent, (2) a mandatory arbitration provision, or (3) disclosures that failed to meet the disclosure requirements of the MLA”
From the administrator site: Official FAQ. Last compared Nov 7, 2026.
- Where
- Anywhere in the U.S.
Source
““Affected Consumers” includes any consumer who, between October 3, 2016, and six months after the Effective Date, and as exclusively determined through the processes set forth in paragraph 20 of this Order, met the definition of “covered member” or “dependent” in 10 U.S.C. § 987 or a “covered borrower” in 32 C.F.R. § 232.3 (collectively, Covered Borrower), and who, while meeting the definition of a Covered Borrower, took out a pawn loan from Defendants either with (1) a Military Annual Percentage Rate (MAPR), 32 C.F.R. §§ 232.3(p) and 232.4, exceeding 36 percent, (2) a mandatory arbitration provision, or (3) disclosures that failed to meet the disclosure requirements of the MLA, including the requirement that each loan include a statement of the MAPR applicable to the loan, 10 U.S.C. § 987(c)(1)(A); 32 C.F.R. § 232.6(a)(1).”
From the court record: Stipulated Final Judgment and Order, CFPB v. FirstCash, N.D. Tex. No. 4:21-cv-01251-P, Dkt. 134 (hosted by Simpluris for the official site). Last compared Nov 7, 2026.
Quick answers
How much is the FirstCash pawn loans to servicemembers, CFPB redress (Military Lending Act) settlement payout?
120% of fees paid.
Do I need to file a claim for the FirstCash pawn loans to servicemembers, CFPB redress (Military Lending Act) settlement?
No claim form. Payment is automatic. If you are found eligible you are mailed a redress notice; within 30 days of receiving it you may send a payment election form online, by mail or by email. If you do nothing, a paper check is mailed to you.
When is the FirstCash pawn loans to servicemembers, CFPB redress (Military Lending Act) settlement payout date?
Court approved Jul 11, 2025.
Is the FirstCash pawn loans to servicemembers, CFPB redress (Military Lending Act) settlement legit?
The settlement administrator (the company that handles claims) is Simpluris, and the official site is www.firstcashsettlement.com. Real notices point there; if a link in a message goes anywhere else, do not use it.
The official site never asks you to pay to file.
Also ending this week
Related settlements
Confirm with the administrator before you act.
Case details
- Case
- Consumer Financial Protection Bureau v. FirstCash, Inc., et al. (CFPB redress; not a class action)
- Court
- U.S. District Court, Northern District of Texas, Fort Worth Division
- Case number
- 4:21-cv-01251-P
- Administrator
- Simpluris
- Official site
- www.firstcashsettlement.com
- Settlement fund
- $5 million initial redress deposit (FirstCash must add more if the redress owed is higher)
- Full payout terms
- 120% of fees paid, or fees plus principal if not redeemedIf you redeemed your pawned item: 120 percent of all fees, interest and other charges (not principal) you paid on each non-MLA-compliant pawn loan. If you did not redeem it: all fees, interest and other charges you paid plus a payment equal to the full principal of each such loan. Amounts FirstCash already returned to you are subtracted.
Other dates
- Final approval granted
- From the court order we read.Date the court entered the Stipulated Final Judgment and Order (Dkt. 134, filed 07/11/25, 'SO ORDERED on this 11th day of July 2025', Judge Mark T. Pittman), read on the copy posted on the official site. It is a consent judgment in a CFPB case, not approval of a class settlement. Source: court record
The court’s exact words
“Affected Consumers” includes any consumer who, between October 3, 2016, and six months after the Effective Date, and as exclusively determined through the processes set forth in paragraph 20 of this Order, met the definition of “covered member” or “dependent” in 10 U.S.C. § 987 or a “covered borrower” in 32 C.F.R. § 232.3 (collectively, Covered Borrower), and who, while meeting the definition of a Covered Borrower, took out a pawn loan from Defendants either with (1) a Military Annual Percentage Rate (MAPR), 32 C.F.R. §§ 232.3(p) and 232.4, exceeding 36 percent, (2) a mandatory arbitration provision, or (3) disclosures that failed to meet the disclosure requirements of the MLA, including the requirement that each loan include a statement of the MAPR applicable to the loan, 10 U.S.C. § 987(c)(1)(A); 32 C.F.R. § 232.6(a)(1).
Quoted from the official notice. Read the notice for the full definition.
Our notes: This is not a class action. It is a Consumer Financial Protection Bureau lawsuit under the Military Lending Act that ended in a Stipulated Final Judgment and Order entered July 11, 2025 (the Effective Date). Redress goes to 'Affected Consumers': people who were covered servicemembers or their dependents under the Military Lending Act and who, while covered, took out a pawn loan from FirstCash or its Cash America and FCFS companies between October 3, 2016 and six months after July 11, 2025, with a Military APR above 36 percent, a mandatory arbitration provision, or disclosures that did not meet the MLA's requirements. Who is included is decided only through the order's paragraph 20 process between the Bureau and FirstCash, so there is no application; people found eligible are mailed a redress notice.
You may be included if you took a FirstCash pawn loan as a covered servicemember or dependent, Oct. 3, 2016 to 6 months after July 11, 2025.
It covers loans with a Military APR over 36 percent, a mandatory arbitration clause, or MLA disclosures that fell short.
It covers only people found eligible through the order's own process (no application); this is a CFPB case, not a class action.
Sources and checks (3)
Every fact people act on was copied from the official source and compared with it. How we check
- Official redress website home page administrator site
- Official FAQ administrator site
- Stipulated Final Judgment and Order, CFPB v. FirstCash, N.D. Tex. No. 4:21-cv-01251-P, Dkt. 134 (hosted by Simpluris for the official site) court record
What changedLast change Oct 31, 2026
- Page created. No claim form: payment is automatic. source document
Questions
I already filed. What now?
There is no claim form, so there was nothing to file. The administrator pays class members automatically, usually after final approval and any appeals. Never pay anyone to check on a payment.