Top US airline lobbyist says capping credit card interest rates at 10% could harm industry

A leading lobbyist representing the US airline industry has expressed concerns that imposing a cap of 10% on credit card interest rates could negatively impact the airline sector. The lobbyist argues that such a regulatory limit might reduce the availability or increase the cost of credit card services that airlines rely on for customer transactions and financing. This issue is significant as credit card fees and interest rates play a crucial role in airline revenue management and consumer payment options. The potential regulatory change could affect airlines' financial operations and customer payment behaviors.