Minneapolis / Jan 20 2026. U.S. Bancorp said they had a good fourth quarter. They also warned the people who make laws about something. U.S. Bancorp is talking about the idea to limit how much interest credit card companies can charge. Gunjan Kedia, the President and CEO of U.S. Bancorp said that if the government puts a limit on credit card interest rates it will be very bad for a lot of people who use credit cards. U.S. Bancorp thinks this will make it harder for people to get credit. It will also hurt the economy in general. Gunjan Kedia and U.S. Bancorp are worried, about what will happen if the government limits credit card interest rates.

U.S. Bancorp just put out its earnings report. The company made a lot money this time around. In fact U.S. Bancorps net profit went up by 23% for the last part of 2025. This is because U.S. Bancorp made money from interest and fees.

The money U.S. Bancorp made from interest went up by 3.3% compared to the same time last year. This happened because a lot of people put their money in the bank and U.S. Bancorp managed its money well.

The fees that U.S. Bancorp charges also went up by 7.6%. This is because U.S. Bancorps payment, institutional and consumer fee businesses are all doing well. The company made a lot of money a total of $7.37 billion, which’s the most they have ever made. This is more, than what people who watch the company thought they would make. The company makes money from different things, which helps them do well.

Kedia talked about the companys financial results but they also used this chance to say they are worried about something. This thing is a proposal that President Donald Trump supports. It would limit the interest rate on credit cards to 10%. The idea behind this proposal is to make it easier for people to borrow money. People are paying attention to this because the government wants credit card companies to agree to this by January 20. The problem is that it is not clear if this plan can actually happen without the approval of Congress. Kedia is concerned about this proposal and its potential impact, on credit card interest rates.

Kedia said that if they put a limit on the interest rate for all credit cards it would probably cause some problems that they do not want.

She said that they think than 90 percent of their clients would have a hard time if there was a rule that said credit cards could not charge more than 10 percent interest.

This rule could make it harder for many people in the United States to get credit when they need it.

U.S. Bancorp has than 15 million customers and a lot of them use credit cards to pay for things they need every day and for unexpected expenses that come up.

Kedia and U.S. Bancorp are worried about what would happen to these customers if credit cards were not an option, for them.

Bank executives say that putting a limit on interest rates is not an idea. They think it could make lenders be more careful about who they give money to. They might also charge fees or give people less credit to make up for losing money. Interest income is a part of how banks make money. If they cannot charge much interest it will change the way they lend money to people. Some experts told Reuters that banks might come up with products that have lower interest rates but they will not be as good, for consumers. For example these products might not have many rewards or they might not let people borrow as much money, which will make it harder for people to get the credit they need. Bank executives and experts are talking about how interest rate caps will affect banks and people who need credit.

The reaction from the industry has been over the place. Big United States banks like JPMorgan Chase and Citigroup have said that if there are limits, on interest rates it could make it harder for people to get credit and that could slow down the economy. Some people who run these banks think that of the government setting strict rules they might be able to come up with their own solutions like the lower-cost Trump cards that everyone can agree on.

Looking ahead, U.S. Bancorp projects continued growth in 2026, expecting modest expansions in net interest income and fee revenue even as it navigates regulatory uncertainties. The proposed credit card rate cap discussion remains a flashpoint between industry leaders and policymakers, with Kedia’s comments underscoring the banking sector’s concerns about potential market and consumer impacts.