The modern customer likes renting clothes because it is environmentally friendly and offers more variety, says Evan Clark, Deputy Managing Editor at WWD. In the future, people will lean in on the idea of "having fewer, better things," he says.
For full interview, [click here](https://cheddar.com/videos/why-fashion-rentals-are-on-the-rise).
The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.
Payments are restarting for student loan borrowers but the FTC is warning about in increased risk of getting scammed. Leslie Tayne, founder of Tayne Law Group, joined Cheddar News to provide tips on how to avoid scams amid confusion over payment plans and restarting dates.
