Fitch says 10% US credit card APR cap would materially reduce ABS loss cushion
Fitch's note on the potential impact of a 10% APR cap on US credit cards indicates a significant regulatory shift that could weaken the protective buffers for asset-backed securities (ABS).
Fed's Barkin (2026 voter) says today the economy has two engines: AI and the rich; hard to put weight on data in past three months
US Trade Advisor Navarro criticises Ford (F) and BYD (002594 CH) battery deal talks in a post on X
Fitch says 10% US credit card APR cap would materially reduce ABS loss cushion
Coterra Energy (CTRA) reportedly mull Devon Energy (DVN) combination in oil megadeal, Bloomberg reports
US President Trump says "we've saved a lot of lives" as Iran signals it won't execute protesters and says no decision yet on action against Iran
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This could result in higher risks for investors exposed to ABS backed by credit card receivables, affecting valuations and potentially leading to tighter credit conditions. Overall, this development suggests a need for caution in the ABS market as it may heighten perceived risks and influence investor sentiment.
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