July 11 (Reuters) - The U.S. Consumer Financial

Protections Bureau has reached a settlement with pawn shop chain

owner FirstCash Inc and its subsidiaries for alleged violations

of the Military Lending Act, the consumer watchdog agency said

Friday.

Under the settlement agreement, which requires court

approval, FirstCash ( FCFS ) would "set aside $5 million to ensure full

redress to harmed servicemembers and their family members in

connection with thousands of unlawful pawn loans," the CFPB said

in a statement.

FirstCash ( FCFS ) would also pay a $4 million fine and comply with

the Military Lending Act, the CFPB said.