Delta CEO Warns Trump Credit Cap Could Freeze Industry Credit
TL;DR Summary
Delta Air Lines CEO Ed Bastian says President Trump’s plan to cap credit card interest at 10% would shrink banks’ lending ability and freeze credit lines, hurting lower-income borrowers and potentially upending airline loyalty card revenue; with a Jan. 20 compliance deadline, the policy could ripple through the industry, and Delta’s stock reacted as the carrier tempered its 2026 outlook.
- Delta Air CEO Says Trump Credit Card Cap Will Upend Industry Bloomberg.com
- Banks Ready Battle Plans to Save Their Credit Card Businesses The New York Times
- Column | You don’t need Trump to cap your credit card interest. Just use this script. The Washington Post
- GOP leaders throw cold water on Trump’s credit-card push Politico
- Stop attacking the Fed and credit card industry, Wall Street executives warn Trump PBS
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