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