U.S. Treasury Secretary Scott Bessent expressed willingness to discuss credit card companies’ practices and behaviors, mentioning the need to consider various aspects. President Trump proposed a one-year cap on credit card interest rates, while Senator Warren advocated for consumer financial protection. Bessent agreed with the idea of protecting the poorest members of society but cautioned against excessive credit regulation. He emphasized the importance of discussing credit card companies’ practices to avoid unintended consequences.

Read more at Yahoo Finance: not unreasonable to have discussion on practices of credit card companies