Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 126

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 2
Chunk 126
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, 2024. The Company paid dividends of $16.9 million during the three months ended March 31, 2025, compared to $15.8 million during the three months ended March 31, 2024. In addition, the Company paid withholding taxes on net share settlements of restricted stock awards during the three months ended March 31, 2025 of $5.8 million compared to $7.0 million during the three months ended March 31, 2024.

36

GOVERNMENTAL REGULATION UPDATE   

The Company’s pawn and retail POS payment solutions businesses are subject to significant regulation in all of the jurisdictions in which it operates. Existing regulations and regulatory developments are further and more completely described under “Governmental Regulation” in Part I, Item 1 of the Company’s 2024 Annual Report on Form 10-K filed with the SEC on February 3, 2025 and in subsequent documents filed with the SEC. Other than as described below, there have been no changes to the significant regulation that the Company’s businesses are subject to that the Company believes would have a material impact on its businesses or results of operation from those described in the Annual Report on Form 10-K for the year ended December 31, 2024.

Actions of the current administration could result in changes in federal policy with significant impacts on the legal and regulatory framework affecting the industries in which the related consumers are involved. These changes, including restructuring and widespread personnel changes at the applicable regulatory agencies, may alter the nature and scope of oversight affecting such industries. The nature, timing and economic and political effects of potential changes affecting such industries generally remains uncertain and it is possible that such uncertainty may adversely affect the Company.

Recent developments regarding the operations of the CFPB under the new presidential administration are particularly noteworthy and illustrative of the uncertainty surrounding the future of the CFPB. There remains considerable uncertainty as to the future of the CFPB and the policy priorities of the CFPB under Acting Director Vought and any successor Director, including Jonathan McKernan who was nominated to be director of the CFPB by President Trump, but not yet confirmed. There is also considerable uncertainty as to how other federal and state regulators will react to any changes at the CFPB.

On October 6, 2017, the CFPB issued its small-dollar lending rule (the “SDL Rule”), which was subsequently revised on July 7, 2020. Traditional possessory, non-recourse pawn loans