06:27 AM EDT, 07/14/2025 (MT Newswires) -- FirstCash Holdings ( FCFS ) said late Friday that it has reached a settlement with the Consumer Financial Protection Bureau over alleged violations of the Military Lending Act.

Under the agreement, FirstCash ( FCFS ) said it will introduce a new pawn loan product specifically for US military members and their families.

The company said it will provide $5 million to $7 million in refunds to affected customers and pay a $4 million penalty to the Consumer Financial Protection Bureau's victims relief fund.

It will include the financial impact of the settlement in Q2 results, it added.