Pawn Shop Must Face CFPB's Military Law Claims, Judge Says

By Katryna Perera ( November 8, 2024, 7:33 PM EST) -- In a matter of first impression, a Texas federal judge has ruled that national pawn shop company FirstCash Inc. cannot use a "bona fide error" defense to argue that its alleged violation of the Military Lending Act was an unintentional mishap, saying the defense only applies to private borrower claims, not federal agency suits....

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