The Chief Legal Officer of the Consumer Financial Protection Bureau (CFPB) has issued an apology to Credova, a company that provides financing for firearms purchases. The apology acknowledged that the Bureau had "weaponized" its governmental powers to unfairly target Credova due to its association with the firearms industry. This action has drawn comparisons to the controversial Operation Choke Point, where government agencies were accused of pressuring financial institutions to cut ties with certain industries.
CFPB Apologizes to Credova for Misuse of Government Powers
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