SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi
Yahoo Finance·2026-01-13 02:31

SoFi CEO Anthony Noto weighed in on Trump's proposed 10% cap on credit card interest. Noto said the cap could boost consumer demand for personal loans. Billionaire CEO Bill Ackman, on the other hand, called the cap a "mistake" in a now-deleted X post. Some billionaire CEOs and banking groups balked at President Donald Trump's proposed one-year 10% cap on credit card interest. Not SoFi CEO Anthony Noto. In an X post on Saturday, Noto wrote that the cap could encourage consumers to shift from cred ...

SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi - Reportify