Bessent: not unreasonable to have discussion on practices of credit card companies

Reuters

Tue, January 20, 2026 astatine 6:52 AM CST 1 min read

WASHINGTON, Jan 20 (Reuters) - U.S. Treasury Secretary Scott Bessent said connected Tuesday it was not unreasonable ​to person a treatment connected the practices ‌of recognition paper companies and a fig of things tin beryllium ‌considered.

"I deliberation that determination are a batch of things that we tin look astatine with the recognition cards successful presumption of their practices, successful presumption of their behaviors, ⁠and we'll spot ‌where that goes," Bessent said successful an interrogation with CNBC from the World Economic ‍Forum successful Davos.

President Donald Trump past week called for a one-year headdress connected recognition paper involvement rates and Democratic Senator Elizabeth ​Warren, a longtime user fiscal extortion advocate, said ‌the Republican president reached retired to sermon the idea.

"I would accidental that successful presumption of direction, that the president the administration, hold with galore of Senator Warren's policies that the poorest members of nine shouldn't wage ⁠the most," Bessent said. "But she ​wants to power credit. She ​wants to enactment successful much regulation" that helium said led to the nonaccomplishment of tiny ‍and assemblage banks.

That ⁠has led to the other result, Bessent said.

"But again, I deliberation it is not unreasonable to ⁠have a treatment connected the practices of these recognition paper companies," ‌Bessent added.

(Reporting by Doina Chiacu; Editing by ‌Andrew Heavens and Louise Heavens)