Credit curbs: US banks flag risks to lending as Trump pushes 10% cap on card rates; consumers, small firms may take hit

Jan 10, 2026 - 23:00
Credit curbs: US banks flag risks to lending as Trump pushes 10% cap on card rates; consumers, small firms may take hit

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

US banks are raising concerns over President Trump's proposed 10% cap on credit card interest rates, warning it could limit credit access and harm consumers and small businesses. Industry groups argue such a move would be devastating and push users towards riskier alternatives, despite shared goals of affordability.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0