Claire Ballentine
Bloomberg finance reporter who covers banks and financial services, providing analysis of credit-card business models and policy implications.
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Jan 23, 2026 • 12min
Banks Really Hate Trump’s Credit Card Proposal
Claire Ballentine, Bloomberg finance reporter who covers banks and credit-card business models. She breaks down Trump’s revived push for a 10% credit‑card interest cap. Topics include why rates are so high, how card profits work, who might lose access to credit, banks’ warnings and the legal and political paths to making a cap real.
