U.S. Bancorp CEO says Trump's credit card cap will hurt clients and economy

Reuters

01/20

<a href="https://laohu8.com/S/USBOV">U.S. Bancorp</a> CEO says Trump's credit card cap will hurt clients and economy

Jan 20 (Reuters) - U.S. Bancorp USB.N CEO Gunjan Kedia said on Tuesday President Donald Trump's proposed 10% cap on credit card interest rates would severely impact its clients.

"Our estimate is that 90 plus percent of our clients will see a detrimental impact if there was an across the board 10% rate cap on credit cards. The impact to 50% of the clients will be crushing as it will be for the economy," Kedia told analysts on a conference call.

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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The impact to 50% of the clients will be crushing as it will be for the economy,\" Kedia told analysts on a conference call.</p><p> (Reporting by Arasu Kannagi Basil in Bengaluru)</p><p> ((ArasuKannagi.Basil@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260120:nL4N3YL1DG:1","article_id":"2604111347","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604111347","pubTimestamp":1768919258,"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":"U.S. Bancorp CEO says Trump's credit card cap will hurt clients and economyJan 20  - U.S. Bancorp USB.N CEO Gunjan Kedia said on Tuesday President Donald Trump's proposed 10% cap on credit card interest rates would severely impact its clients.\"Our estimate is that 90 plus percent of our clients will see a detrimental impact if there was an across the board 10% rate cap on credit cards. The impact to 50% of the clients will be crushing as it will be for the economy,\" Kedia told analysts on a conference call.  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The impact to 50% of the clients will be crushing as it will be for the economy,\" Kedia told analysts on a conference call. (Reporting by Arasu Kannagi Basil in Bengaluru) ((ArasuKannagi.Basil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":true,"code":"91000000","status":"200"}}}