US Bancorp CEO warns of big hit to clients from Trump's credit card cap
By Arasu Kannagi Basil Jan 20 (Reuters) - U.S. Bancorp CEO Gunjan Kedia warned on Tuesday that President Donald Trump's proposed 10% cap on credit card interest rates would significantly impact its clients and the broader economy, echoing concerns raised by the banking industry. "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 ...