Oil and gasoline futures gyrate after Ida disrupts production nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
i think now the attention is on what the regulation actually looks like. i wasjust remembering one of my firstjob interviews, where i bought a dress on a store card and put off the payment for a while. if that option wasn t available to me, i wouldn t have been able to buy the dress and feel good in the interview. so it is important, isn t it, in a sense to have that availability? absolutely. i think for the sake of financial inclusion and ensuring that we are not excluding people from access to credit, i welcome these products and actually, in many cases i think they can be a better alternative to high interest cards, payday loans, whatever. i think, absolutely. but better doesn t necessarily mean they should be exempt from regulation. so i think there s a balancing act there. the regulator has called for affordability checks and more support for customers who are struggling to repay. the government said it will act as soon as it can, and the details will be crucial for both how we sh
Author Bio
Dave mainly covers financial stocks, primarily banks and asset managers, and investment planning. He s covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, and money markets and bonds for Crane Data. Dave has been a Fool since 2014. Follow @dhkovaleski
The major credit card issuers those that loan the money for credit card purchases had a difficult year in 2020. The primary reasons were the pandemic and the resulting recession, which caused people to lose their jobs, businesses to shut down, and spending to slow dramatically. All of these things reduce the amount of money that people spend using credit cards.