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ft.com

US banks need to cut their credit card rates

There are better alternatives to the Trump-Warren plan to cap interest costs for one year

sabato 24 gennaio 2026 New tab

Related reading

ft.com

Trump hits banks where it hurts: their credit card divisions

Lenders say a cap on interest rates is unfair as they need a generous margin in order to offer unsecured credit

ft.com·5 mesi fa
ft.com

Donald Trump calls for credit card interest rates to be capped at 10%

President demands one-year limit should come into force on January 20 but gave no details

ft.com·5 mesi fa
ft.com

Wall Street hits back at Trump’s plan to limit interest on credit cards

Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth

ft.com·5 mesi fa
ft.com

Shares in US credit card issuers slide after Trump calls for 10% rate cap

White House’s demand for limit on what issuers can charge rattles investors

ft.com·5 mesi fa
ft.com

US bank deals surge as Trump-era regulators race through approvals

Average time to complete a deal has fallen to four months

ft.com·7 mesi fa
ft.com

America is courting the old crises

Monetary policy is not meant to get as exciting as it has with the Trump administration’s attacks on the Fed

ft.com·5 mesi fa