Transportation
Delta Air CEO Says Trump Credit Card Cap Will Upend Industry
A Delta Air Lines aircraft at Salt Lake City International airport in Salt Lake City.
Photographer: Angus Mordant/BloombergPresident Donald Trump’s push to cap credit card interest rates at 10% would hurt banks and lower-end consumers, Delta Air Lines Inc. Chief Executive Officer Ed Bastian said.
“The knock on effects are pretty significant when you think about what seems to be a good idea to help lower income strata and bring some interest-rate relief,” Bastian said in a Wednesday interview on Bloomberg Television.