Are Interest Rate Caps Bad For Consumers?

In This Episode Could up to 80% of existing credit cards be canceled or see credit reductions under the proposed 10% interest rate cap? That’s the stark prediction from industry research and leading credit providers like JPMorgan’s Jamie Dimon. Instead of helping consumers, the policy could trigger an evaporation of available credit, shrink access, and push borrowers toward less regulated alternatives. In this episode of Breaking Banks , Jason Henrichs connects with leading industry voices Ron Shevlin , Managing Director & Chief Research Officer of Cornerstone Advisors and author of Forbes ‘ Fintech Snark Tank, and Rhett Roberts , Co-Founder and CEO of LoanPro. As the trio discuss benefits, tradeoffs, and risks, they recognize that one size doesn’t always fit all, and explore where innovation might fill the gap: buy-now-pay-later (BNPL) models, bespoke lending products, and how stablecoins could be a market-based alternative to blunt the access problem, a way to lower costs without breaking the system. Could “loan-on-card” structures or embedded finance preserve convenience while reshaping risk? If credit migrates outside traditional card networks, are we undermining decades of consumer protection? For anyone shaping the future of banking, fintech, consumer lending and credit, or just trying to better understand the benefits, potential tradeoffs, and risks of interest rate caps and stablecoins as a market-based alternative, this episode is essential listening. Credit has a very long history of teaching us that quick fixes often create new problems.

You can listen to Are Interest Rate Caps Bad For Consumers? online on Radio and Podcast. Open the player on this page to stream the available audio.

Are Interest Rate Caps Bad For Consumers? is an episode from Breaking Banks by Breaking Banks - The #1 Global Fintech Podcast.

This episode is 28:16 long.

This episode was published on Jan 29, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from Breaking Banks when more episodes are available from the podcast feed.