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Rep. Stiles: Lower credit card rates by boosting competition, not by simple caps
House Administration Committee (chair) / House Financial Services Committee (member) · January 12, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Asked about a proposed 10% cap on credit card rates, Rep. Brian Stiles said lawmakers should seek to lower rates for consumers but cautioned against market manipulation and urged measures that increase competition to bring down costs.
When asked whether a 10% cap on credit card interest rates would be appropriate, Congressman Brian Stiles said lawmakers want to bring rates down for everyone but should be cautious about interventions that…
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