WASHINGTON – The Consumer Financial Protection Bureau has dropped an investigation into a buy now, pay later company with close ties to President Donald Trump's son Donald Trump Jr., saying the investigation was conducted in a biased manner and based off politics.
The CFPB on Tuesday notified Credova Financial, a subsidiary of Public Square Holdings, where Trump Jr. is a board member and investor, that it was no longer under investigation. Public Square is a directory of businesses that sell American-made products, including financing for firearms and family pets, that market to conservative-leaning customers. Credova provides buy now, pay later services to Trump Jr.’s GrabAGun firearms marketplace, which went public this year.
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The agency says the investigation, in