Delta CEO says credit card cap would hurt banks and customers [Yahoo! Finance]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Yahoo! Finance
“The knock-on effects are pretty significant when you think about what seems to be a good idea to help lower income strata and bring some interest-rate relief,” CEO Ed Bastian said in a Bloomberg interview. “The reality is, it will eliminate their ability for credit and freeze up tremendous amounts of credit lines that the banks will not be able to afford.” Over the weekend, Trump warned that credit card issuers would be “breaking the law” if they failed to cap interest rates at 10% for one year, despite the absence of legislation or executive authority to impose such a limit. It has prompted outcry from the banking industry. “If it were to happen, it would be very bad for consumers, very bad for the economy,” JPMorgan's CFO Jeremy Barnum said Tuesday, adding that the bank's card operation “would be a business that we would have to significantly change” if it came into place. Even after the Federal Reserve cut interest rates late last year, retail credit card rates have barely
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DAL
News
- Delta Air Lines (NYSE:DAL) was upgraded by analysts at Dbs Bank to a "moderate buy" rating.MarketBeat
- Some flight attendants at ultra-low-cost carriers make more than United crew. Here's how much they earn. [Yahoo! Finance]Yahoo! Finance
- Some flight attendants at ultra-low-cost carriers make more than United crew. Here's how much they earn. [Business Insider]Business Insider
- Delta Air Lines, Inc.'s (NYSE:DAL) Stock's On An Uptrend: Are Strong Financials Guiding The Market? [Yahoo! Finance]Yahoo! Finance
- Flying out of ATL airport this weekend? How to check delays, wait time [USA TODAY]USA TODAY
DAL
Earnings
- 1/13/26 - Miss
DAL
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- DAL's page on the SEC website