NYSE:AXPConsumer Finance
Regulation Watch How A 10% Rate Cap Could Reshape American Express
The White House has proposed capping credit card interest rates at 10%.
If adopted, the cap would apply across card issuers, including American Express (NYSE:AXP).
The proposal could affect how issuers set credit standards, design rewards, and price card products.
American Express operates as a premium card issuer with a focus on higher income customers and fee based products. This focus shapes how it earns from interest, fees, and rewards partnerships. A broad 10% rate cap would touch a...