{"database": "press", "table": "releases", "rows": [["https://adams.house.gov/media-center/press-releases/adams-sends-letter-opposing-buy-now-pay-later-gun-purchases", "Adams Sends Letter Opposing \u201cBuy Now, Pay Later\u201d Gun Purchases", "2022-09-01", "2022", "2022-09", "Democrat", "House", "NC", "Alma S. Adams", "A000370", "adams.house.gov", "adams", "https://adams.house.gov/media-center/press-releases", "scraper", "WASHINGTON, D.C. (September 1, 2022) \u2014 Earlier this week, Congresswoman Alma Adams (NC-12) sent a letter to Credova CEO Dusty Wunderlich requesting information regarding the use of Credova\u2019s \u201cBuy Now, Pay Later\u201d (BNPL) services to finance online purchases for guns, ammunition, and firearm accessories. BNPL allows consumers to purchase and immediately take possession of an item after agreeing to pay the purchase price over a fixed period of time, and Credova has aggressively advertised this payment option for the purchase of guns in the United States. U.S. Representatives Stephen F. Lynch (MA-08), Carolyn B. Maloney (NY-12), Al Green (TX-09), and John Larson (CT-01) cosigned the letter.\n\nYou can read the letter here.\n\n\u201cThis year, Congress honored tens of thousands of victims of gun violence with action by enacting common sense legislation to make our communities safer from the threat of gun violence,\u201d said Rep. Adams. \u201cHowever, my colleagues and I are concerned about the rapidly-growing online gun market, including point-of-sale installment loans and \u2018buy now, pay later\u2019 financing. We want to make sure these novel ways of financing the purchase of firearms comply with the law, and we want to be certain these practices aren\u2019t contributing to the national gun crisis. We owe victims and survivors of gun violence our vigilance.\u201d\n\nAs underscored in a June 2022 New York Times report, Credova has actively sought to partner with gun merchants to market BNPL financing for gun sales. The company currently partners with more than 60 online gun and hunting supply retailers, has initiated a sweepstakes in partnership with the U.S. Concealed Carry Association, and has fundraised on behalf of the lobbying arm of the National Rifle Association.\n\nDuring a hearing held on November 2, 2021, by the Task Force on Financial Technology, several witnesses identified a number of consumer protection and public safety risks associated with BNPL.\n\nThe letter requests that Credova Financial, LLC respond with information on the use of its BNPL services in gun sales by September 26, 2022.\n\nCongresswoman Alma S. Adams, Ph.D. represents Charlotte and Mecklenburg County, North Carolina in Congress. She serves on the House Committee on Financial Services; as vice chair of the House Committee on Agriculture; and Workforce Protections subcommittee chair on the House Education & Labor Committee.", 1, "2026-03-30T01:40:41Z", "2026-04-08T03:08:33Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://adams.house.gov/media-center/press-releases/adams-sends-letter-opposing-buy-now-pay-later-gun-purchases"], "units": {}, "query_ms": 1.4441569801419973, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}