Nilson in the news
September 19, 2024
Wall Street Journal
Trump Floats Long-Shot Proposal for 10% Cap on Credit-Card Rates
"Borrowers in lower- and middle-income households who carry balances would benefit the most from caps on credit-card charges. But they would also be the first ones banks would stop lending to if Trump’s cap were passed, said David Robertson, publisher of the Nilson Report, an industry publication."
"'Wall Street banks would say, how much further risk do I want to bring on given the fact that my revenue is shrinking?” Robertson said. “That’s where the rubber meets the road.'"