PublicSquare Celebrates Closure of Politically Motivated CFPB Investigation into Credova

PublicSquare welcomes the closure of the CFPB's investigation into Credova, a wholly-owned subsidiary, citing bias and a lack of consumer protection. The CFPB confirmed that the investigation targeted Credova's exercise of constitutional rights and was not aimed at protecting consumers. PublicSquare CEO Michael Seifert praised President Trump, Acting Director Vought, and the CFPB staff for their commitment to free from political bias and suppression of constitutional rights.

PublicSquare Holdings, Inc. (NYSE: PSQH), a financial technology company, has welcomed the closure of the Consumer Financial Protection Bureau (CFPB) investigation into its wholly-owned subsidiary, Credova Financial, LLC. The CFPB confirmed that the investigation was politically motivated and not aimed at protecting consumers, but rather at suppressing activities protected by the First and Second Amendment [1].

The CFPB stated that the investigation "exemplifies the type of weaponization against disfavored industries and individuals that President Trump and Acting Director Vought are committed to ending." The Bureau also noted that the investigation was conducted in a biased manner that targeted Credova's exercise of its constitutional rights and the facilitation of others' exercise of their constitutional rights [1].

PublicSquare's CEO, Michael Seifert, praised President Trump, Acting Director Vought, and the CFPB staff for their commitment to ensuring the Bureau operates free from political bias and suppression of constitutional rights. Seifert commented, "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" [1].

Dusty Wunderlich, Chief Strategy Officer & Board Member of PublicSquare and former President of Credova, stated that the investigation was a politically motivated attempt to target lawful commerce tied to the Second Amendment. Wunderlich added, "From our view, this was the most recent in a line of attempts to weaponize government against businesses that refuse to conform to a specific political agenda. We did not yield. We stood firm in defense of our mission, our merchants, and the constitutional rights of the Americans we serve" [1].

Blake Masters, a PublicSquare Board Member and leader in the 2nd Amendment Community, commented, "The closure of this investigation is a strong reminder that when businesses stand firm against government intimidation, freedom wins. This victory affirms that the right to commerce, like the right to self-defense, is fundamental to our liberty" [1].

About Credova
Credova was founded to fill a critical gap in the marketplace, providing modern, point-of-sale financing solutions to merchants and consumers in underserved sectors such as outdoor recreation and the firearms industry. For many merchants, Credova and PublicSquare are their only access to the kinds of financial tools that other industries take for granted [1].

PublicSquare operates under three segments: Financial Technology, Marketplace, and Brands. The Financial Technology segment includes Credova and PSQ Payments, a "cancel-proof" payments company. The primary mission of the Marketplace segment is to help consumers "shop their values" and put purpose behind their purchases. PublicSquare leverages data and insights from the Marketplace to assess its customers' needs and provide high-quality, wholly owned financial products and brands. The Brands segment comprises EveryLife, a premium D2C life-affirming baby products company. The PublicSquare Marketplace is free to join for both consumers and business owners [1].

The closure of the CFPB investigation is a significant milestone for PublicSquare and Credova, confirming the strength and integrity of their operations and validating the trust placed in them by merchants and consumers. This victory also underscores the importance of freedom and constitutional rights in the business environment.

References:
[1] https://www.businesswire.com/news/home/20250819312462/en/PublicSquare-Grateful-for-Closure-of-Politically-Motivated-CFPB-Investigation-into-Credova