Project Syndicate
February 16, 2026
HKS Authors
See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
Abstract
The federal cap on credit-card interest rates that US President Donald Trump has proposed would, in theory, prevent issuers from gouging customers. But not everyone agrees that this would be good for Americans, especially lower-income households that are often the most desperate for credit.
Citation
Frankel, Jeffrey. "Will Capping Credit-Card Interest Rates Help Ordinary Americans?" Project Syndicate, February 16, 2026.