The bureau rewrote its January 2025 enforcement action against the UK-based money-transfer company, cutting the civil fine by roughly 98 percent and rescinding related guidance.
The Consumer Financial Protection Bureau reached a settlement with FirstCash, Inc. and nineteen subsidiaries, resolving a lawsuit alleging the national pawnshop operator charged military borrowers interest rates above the legal cap and buried unlawful terms...
The two agencies say the withdrawn joint statement conflicted with ECOA's express text and created unnecessary compliance burdens for lenders evaluating noncitizen borrowers.
The Consumer Financial Protection Bureau has formally endorsed two pending Massachusetts bills that would bar medical creditors, debt collectors, and consumer reporting agencies from including medical debt on consumer reports.