Shoppers can quickly get approved for the services, but regulators are concerned that the loans lack important protections.
Category: Credit and Debt
-
Hardship 401(k) Withdrawals, Explained
Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options.
-
Defaults Loom as Poor Countries Face an Economic Storm
Debt-relief efforts are stalling as developing economies are being hit by higher interest rates, a strong dollar and slowing global growth.
-
How to Manage Credit Card Debt When Holiday Shopping
Card balances have been rising rapidly. But there are ways to navigate the gift-giving season without taking on a lot of new debt.
-
A Holiday Season Divided by Inflation and Economic Struggles
Even if policymakers achieve a gentle economic slowdown, it won’t be smooth for everyone.
-
Are the Federal Reserve’s Rate Increases Working?
The Fed’s campaign to slow the economy is gradually taking hold, but officials have been particularly surprised by the job market’s resilience.
-
U.S. Mortgage Rates Soar Past 7%
The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.
-
European Central Bank Is Set to Raise Interest Rates Again
Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
-
After a Storm, Britain’s Economy Finds Itself Rudderless
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth.
-
Appeals Court Finds Consumer Bureau’s Funding Unconstitutional
The decision, expected to be appealed, could upend every regulation and enforcement action the bureau has issued.