Lawmakers seek information on ‘buy now, pay later’ gun sales.
Eighteen Democrats in Congress are demanding answers from Credova Financial about its no-interest loans for gun and ammunition purchases.
https://www.nytimes.com/2022/08/29/business/buy-now-pay-later-guns.html
Eighteen Democratic lawmakers want the firm, Credova Financial, to provide information about any safeguards it has in place to make sure guns purchased with “buy now, pay later” financing are not being quickly resold to other buyers. The lawmakers also want to know whether Credova is aware if any of its customers have used guns to commit acts of violence, including several recent “high-profile mass shootings.”
The lawmakers made the request in a letter sent Monday to Dusty Wunderlich, Credova’s chief executive. In the letter, the lawmakers also asked for information about Credova’s financing deals, including details about the percentage of customers who default on their loans.
Eighteen Democrats in Congress are demanding answers from Credova Financial about its no-interest loans for gun and ammunition purchases.
https://www.nytimes.com/2022/08/29/business/buy-now-pay-later-guns.html
Eighteen Democratic lawmakers want the firm, Credova Financial, to provide information about any safeguards it has in place to make sure guns purchased with “buy now, pay later” financing are not being quickly resold to other buyers. The lawmakers also want to know whether Credova is aware if any of its customers have used guns to commit acts of violence, including several recent “high-profile mass shootings.”
The lawmakers made the request in a letter sent Monday to Dusty Wunderlich, Credova’s chief executive. In the letter, the lawmakers also asked for information about Credova’s financing deals, including details about the percentage of customers who default on their loans.
