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BRIEF-Consumer Bankers Association Says Banks Respond To Proposed Cap On Credit Card Interest Rates In The US

BY Reuters | ECONOMIC | 01/09/26 11:03 PM EST

Jan 9 (Reuters) -

* CONSUMER BANKERS ASSOCIATION: BANKS RESPOND TO PROPOSED CAP ON CREDIT ?CARD INTEREST RATES ?IN THE US

* ?CONSUMER BANKERS ?ASSOCIATION: SHARE ?THE PRESIDENT'S GOAL OF HELPING AMERICANS ?ACCESS ?MORE AFFORDABLE CREDIT

* CONSUMER BANKERS ?ASSOCIATION: HOWEVER, ?EVIDENCE ?SHOWS THAT A 10% INTEREST RATE CAP WOULD ?REDUCE CREDIT AVAILABILITY

* CONSUMER BANKERS ASSOCIATION: IF ENACTED, THIS CAP ?WOULD ONLY DRIVE ?CONSUMERS TOWARD LESS REGULATED, MORE ?COSTLY ALTERNATIVES

* CONSUMER BANKERS ASSOCIATION: LOOK FORWARD TO WORKING WITH THE ADMINISTRATION TO ENSURE ?AMERICANS HAVE ACCESS TO THE CREDIT THEY NEED Source ?text: Further company coverage: [ ]

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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