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Delta CEO Warns Trump Credit Cap Could Freeze Industry Credit

1 min read
Source: Bloomberg.com
Delta CEO Warns Trump Credit Cap Could Freeze Industry Credit
Photo: Bloomberg.com
TL;DR

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.

Topics:top-newsbusiness#business#credit-cards#delta-air-lines#ed-bastian#interest-rates#trump
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  1. Delta Air CEO Says Trump Credit Card Cap Will Upend Industry  Bloomberg.com
  2. Banks Ready Battle Plans to Save Their Credit Card Businesses  The New York Times
  3. Column | You don’t need Trump to cap your credit card interest. Just use this script.  The Washington Post
  4. GOP leaders throw cold water on Trump’s credit-card push  Politico
  5. Stop attacking the Fed and credit card industry, Wall Street executives warn Trump  PBS

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