US Bancorp (USB) CEO says 90% of clients will see a detrimental impact from the rate cap on credit cards

The comments from US Bancorp's CEO highlight a significant concern about the impact of the new rate cap on credit cards, suggesting that a majority of their clients will face adverse effects.

Newsquawk StaffPublished 20 Jan 2026, 14:39 UTCOn the live feed at 14:19 UTC — 5 more headlines followed before this page went public

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14:26

Danish pension fund Akademikerpension says the decision to divest US Treasuries is rooted in poor US government finances, not directly related to ongoing rift between US and Europe

14:20

Chevron's (CVX) Tengizchevroil cancels loading of five CPC blend oil cargoes scheduled for January to February, according to sources

14:19

US Bancorp (USB) CEO says 90% of clients will see a detrimental impact from the rate cap on credit cards

14:18

Danish PM says they will not abandon Greenland and proposing a more permanent presence in the Artic in line with Baltic Sentry; on EU "trade bazooka", thinks it's a very bad idea with a trade war among allies and hope to avoid measures such as the bazooka

14:15

Capricor Therapeutics (CAPR) provides regulatory update on deramiocel BLA following FDA review of hope-3 topline data

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This sentiment could indicate potential pressure on revenues and profitability for the banking sector, particularly among credit card issuers, which might lead to negative sentiment around the stock as investors reassess growth prospects in light of regulatory changes.

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