Had the same problem. As @aero3113 said, tighten the screw. There is a sweet spot you have to find between too tight where you have trouble turning the latch and too loose and you get a leak.
Put a little blue loctite on the screw then reinstall. Or some clear silicone.
When I do any work on my bows or rails I put a little dab of clear marine silicone on the set screws to keep them from vibrating loose. That's the only use I've found for Walmarts above the water line sealer.
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When I do any work on my bows or rails I put a little dab of clear marine silicone on the set screws to keep them from vibrating loose. That's the only use I've found for Walmarts above the water line sealer.