PSQ Holdings reports CFPB formally closed investigation into Credova

PSQ Holdings (PSQH) announced that it received notification from the Consumer Financial Protection Bureau that it had formally closed the investigation into Credova Financial, a wholly owned subsidiary of PublicSquare. “As the Bureau confirmed to Credova, it was closing the investigation because it ‘has determined that this investigation exemplifies the type of weaponization against disfavored industries and individuals that President Trump and Acting Director Vought are committed to ending,’ and that ‘the record of this investigation clearly demonstrates that it was conducted in a biased manner that targeted Credova’s exercise of its constitutional rights and facilitation of others’ exercise of their constitutional rights.’,” the company stated. “The conclusion of the CFPB’s investigation confirms the strength and integrity of our company and validates the trust our merchants and consumers place in us. This outcome is a win for our entire company, our board, our customers, and a 2nd Amendment community that has seen years of government attempts to regulate businesses like ours out of existence,” added Michael Seifert, Chairman and CEO of PublicSquare.