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Bank of America CEO Moynihan Says Credit Card Cap May Not Work as Expected
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Why This Matters
Bank of America CEO Brian Moynihan expressed concerns that a proposed 10% cap on credit card interest rates may have unintended consequences, potentially leading to an 'equal but opposite reaction'.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Bank of America CEO Brian Moynihan discusses the company's work with the White House to solve affordability issues for Americans. He says President Donald Trump's proposed 10% cap on credit card interest rates may have "an equal but opposite reaction." He speaks on "Bloomberg Surveillance" from the World Economic Forum in Davos. (Source: Bloomberg)
Original article published by
Bloomberg
on January 22, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.