Fitch says 10% US credit card APR cap would materially reduce ABS loss cushion
Newsquawk Staff ·
Fitch says 10% US credit card APR cap would materially reduce ABS loss cushion.
What it means
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). 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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