Credova Calls Out Major Credit Card Companies and Vows to Protect Consumer Privacy and Rights
March 22 2024 - 8:00AM
Business Wire
Amidst a worrying trend of prioritizing
‘regulatory compliance’ over individual liberty by major credit
card companies, Credova reaffirms its commitment to safeguarding
constitutional freedoms and developing privacy-centric financial
solutions.
Credova—a leading Buy Now, Pay Later (BNPL) provider in
the outdoor recreation and firearms sector and a wholly owned
subsidiary of PSQ Holdings, Inc. (NYSE: PSQH)
(“PublicSquare”) a leading marketplace of patriotic businesses
and consumers — is speaking out against the willingness of major
credit card companies to comply and so blatantly violate consumer
sovereignty. California recently passed a controversial law that
mandates the tracking and coding of firearm transactions by payment
card networks. Last month, these companies confirmed their
intention to meet the May 2025 deadline for implementing the
required codes. Credova condemns these flagrant violations of
consumer’s constitutional rights in the strongest possible
terms.
Historically, financial service providers have resisted such
overreach, holding sacred their obligation to safeguard consumer
privacy and the principles of free commerce. The recent shift by
the major credit card companies represents an alarming willingness
to become active participants and enforcers of practices that
undermine fundamental American liberties, including the right to
privacy, the Fourth Amendment, and certainly the Second
Amendment.
Dusty Wunderlich, President of Credova, expressed strong
opposition to this development, stating, "These financial
behemoths’ ready embrace of California AB 1587 demonstrates a
disturbing trend of capitulation to regulatory overreach. This is a
clear violation of the trust that consumers place in these
companies to protect their rights. At Credova, we condemn these
acts of cowardice and remain unwavering in our mission to continue
developing financial technology solutions that uphold individual
privacy and constitutional freedoms, without apology. We call on
all major financial companies to put the protection of our founding
principles over politics, and never waiver from the commitment to
consumer sovereignty."
Founded on the premise of supporting secure, private financial
transactions, Credova is resolute in its mission to empower
Americans to make purchases without compromising their rights. In
contrast to the actions of the major credit card companies, Credova
offers solutions that respect and protect individual liberty,
reinforcing its stance as a defender of constitutional rights in
the financial sector.
About Credova
Credova, a wholly-owned subsidiary of PublicSquare, is a leading
BNPL platform that offers flexible payment options, promoting
financial accessibility and growth for merchants. With a
specialization in the outdoor recreation and firearms industries,
Credova is committed to supporting Americans' constitutional rights
through secure, private financial transactions. Learn more by
visiting Credova.com.
About PublicSquare
PublicSquare is an app and website that connects patriotic
Americans to high-quality businesses that share their values, both
online and in their local communities. The primary mission of the
platform is to help consumers “shop their values” and put purpose
behind their purchases. In just over one and a half years since its
nationwide launch, PublicSquare has seen tremendous growth and
proven to the nation that the parallel, “patriotic” economy can be
a major force in commerce. The platform has over 75,000 businesses
from a variety of different industries and over 1.6 million
consumer members. Additionally, PublicSquare leverages data and
insights from the platform to assess its members’ needs and provide
wholly-owned quality financing products, such as Credova, D2C
products, such as EveryLife diapers and wipes, and B2B products,
such as PSQLink, to fill those needs. PublicSquare is free to join
for both consumers and business owners alike, and to learn more,
download the app on the App Store or Google Play, or visit
PublicSquare.com.
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