SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi

SoFi CEO Anthony Noto weighed in on Trump's proposed 10% cap on credit card interest. Noto said the cap could boost consumer demand for personal loans. Billionaire CEO Bill Ackman, on the other hand, called the cap a "mistake" in a now-deleted X post. Some billionaire CEOs and banking groups balked at President Donald Trump's proposed one-year 10% cap on credit card interest. Not SoFi CEO Anthony Noto. In an X post on Saturday, Noto wrote that the cap could encourage consumers to shift from cred ...