Fed rate increases are squeezing consumer-finance companies

wsj

6 min read . Updated: 16 Dec 2022, 12:40 AM IST Matt Wirz, The Wall Street Journal

The Federal Reserve Bank of New York building (Photo: Reuters) — The Federal Reserve Bank of New York building (Photo: Reuters)

Companies offer fewer auto loans, mortgages and buy-now-pay-later programs

Consumer spending in the U.S. is going strong. Consumer lending, not so much.