Economy & Markets
2 min read
Big Bank CFOs Reject Trump's 10% Credit Card Rate Cap Demand
Bloomberg.com
January 18, 2026•4 days ago
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Major US bank CFOs have strongly criticized President Trump's demand for a 10% cap on credit card interest rates. This proposal, made during a significant week for bank earnings reports, caused a stir in financial markets and elicited sharp rebukes from financial leaders.
Welcome to CFO Briefing, a newsletter dedicated to corporate finance and what leaders need to know. I’m Heather Landy, filling in for my colleague Nina Trentmann while she’s on parental leave. This week, we bring you a Q&A with chipmaker TSMC’s Wendell Huang. But first...
In the midst of a huge week for earnings reports from large US lenders, President Donald Trump pressed for a 10% cap on credit-card interest rates. The demand rattled financial stocks and drew harsh criticism from the chief financial officers of big US banks.
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