Caps on credit card interest rates will cripple American small businesses

This article was originally featured in Washington Examiner by Javier Palomarez
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In a powerful op-ed featured in the Washington Examiner, USHBC President & CEO Javier Palomarez warns against the serious consequences of proposed federal credit card rate caps. Speaking on behalf of millions of small business owners, Palomarez argues that rigid interest rate caps could choke off access to credit, reduce financial flexibility, and weaken the backbone of the U.S. economy.

The op-ed draws from recent research, including USHBC’s own survey data and reports from the Federal Reserve and Stanford, to underscore how caps would disproportionately harm small businesses, especially those already underserved by traditional financing.

“This isn’t consumer protection. It’s economic sabotage.” - Javier Palomarez, USHBC President & CEO

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