Democrats question company over 'shoot now, pay later' gun sales
In recent years, more retailers have turned to "buy now, pay later" financing to help customers pay for goods and services. Buy now, pay later, or BNPL, programs, which are typically offered interest-free, allow customers to pay for products in installments. The programs have proven especially popular with younger shoppers who can't or don't want to use credit cards to pay for their items. Now, one BNPL firm has drawn the attention of Democrats for making it easier for consumers to use the payment plans to buy guns and ammunition. On Monday, 18 Democratic lawmakers sent a letter to Credova Financial LLC, based in Bozeman, Montana, to express concern that its purchasing programs could worsen America’s gun violence problem. Lawmakers representing large cities, including New York, Boston and Houston, were among those who signed the letter. “We are concerned that the ease with which buyers can acquire guns through BNPL will result in more guns and increased gun violenc...