Gun-Focused Buy Now, Pay Later Fintech Faces Potential CFPB Suit

Credova, a “buy now, pay later” provider focused on gun financing, is facing a potential enforcement action from the Consumer Financial Protection Bureau, according to a securities filing.

PSQ Holdings Inc., which operates under the name PublicSquare, said in a Wednesday quarterly filing with the Securities and Exchange Commission that the CFPB notified the company it has been authorized to pursue an enforcement action related to Credova’s lease products. PublicSq completed a takeover of Credova on March 14.

The CFPB suggested “certain injunctive relief” in its March 13 notice of a potential enforcement action, PublicSquare said.

“No assurance can be ...