SoFi CEO Anthony Noto supports Trump's proposed credit card cap, seeing it as an opportunity for personal loans to fill the void
ByAinvest
Wednesday, Jan 14, 2026 1:08 am ET1min read
SOFI--
SoFi CEO Anthony Noto believes that Trump's proposed 10% cap on credit card interest could boost consumer demand for personal loans, benefiting SoFi. However, billionaire CEO Bill Ackman called the cap a "mistake", arguing that it could lead to consumers turning to loan sharks for credit at higher rates. The cap requires Congressional approval and has drawn concerns from the financial world.
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