Top US airline lobbyist says capping credit card interest rates at 10% could harm industry

Reuters

02/20

ARLINGTON, Virginia Feb 19 (Reuters) - The head of the trade group representing major U.S. airlines said Thursday a proposal to cap credit-card interest rates at 10% could have massive repercussions for aviation and could lead to fewer passengers and fewer airplanes.

"If they start capping credit cards at 10% or start minimizing the small 2% fee that they get charged on the credit cards, it'll have a massive repercussion, economic effect across this industry," said Airlines for America CEO Chris Sununu at an aviation summit. President Donald Trump said on January 10 he was calling ‌for a one-year cap on credit card interest rates at 10% starting on January 20.

(Reporting by David Shepardson, Editing by Franklin Paul)

((David.Shepardson@thomsonreuters.com; 2028988324;))

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President Donald Trump said on January 10 he was calling ‌for a one-year cap on credit card interest rates at 10% starting on January 20.</p><p> (Reporting by David Shepardson, Editing by Franklin Paul)</p><p> ((David.Shepardson@thomsonreuters.com; 2028988324;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BFMHRM44.USD","symbol_name":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260219:nL1N3ZF186:1","article_id":"2612280922","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612280922","pubTimestamp":1771533034,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Top US airline lobbyist says capping credit card interest rates at 10% could harm industryARLINGTON, Virginia Feb 19  - The head of the trade group representing major U.S. airlines said Thursday a proposal to cap credit-card interest rates at 10% could have massive repercussions for aviation and could lead to fewer passengers and fewer airplanes.\"If they start capping credit cards at 10% or start minimizing the small 2% fee that they get charged on the credit cards, it'll have a massive repercussion, economic effect across this industry,\" said Airlines for America CEO Chris Sununu at an aviation summit. President Donald Trump said on January 10 he was calling for a one-year cap on credit card interest rates at 10% starting on January 20.  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