US airline lobbyist warns that ten percent credit card interest rate cap could hurt industry
Chris Sununu warned that a ten percent cap on credit card interest rates could hurt aviation. He said the move might lead to fewer passengers and planes.
Insights:
Airlines for America CEO Chris Sununu has warned that a proposal by President Donald Trump to cap credit-card interest rates at 10% could have "massive repercussions" for the aviation industry. Speaking on the potential fallout, Sununu indicated that the measure might result in a significant reduction in passenger numbers and a decrease in the total number of airplanes operated by carriers. The proposal, which was announced on January 10 and scheduled to take effect on January 20 for a one-year period, represents a major shift in federal policy originating from the US 
US presidency.
US presidency.
