#credit-access

#credit-access

In January 2026, mortgage industry professionals and banking trade groups warned that President Donald Trump's proposed 10% interest rate cap on credit cards could have unintended negative consequences for homebuyers and the broader economy. While intended to provide financial relief, experts argue the measure could inadvertently tighten credit access and damage borrower credit scores. The primary concerns cited by mortgage and finance experts include:

The president's rallying cry was aspirational for the same reason that his economic agenda is flailing: He and his party have no abiding interest in advancing an economic program that would actually benefit working-class Americans. And Trump, being Trump, has refrained from devoting any serious thought or attention to deep and lasting economic reforms. Instead, he's pushed a series of gimmicky policy responses that amount to opportunistic photo-ops at best, and cynical afterthoughts at worst.

Despite earning a good salary at Barclays, I couldn't access even the everyday products I'd had in India. I couldn't get an iPhone, let alone a credit card. There have been slight improvements, but we still can't offer equitable access to bank accounts or credit cards to someone from another country.