Major bank leadership is raising eyebrows over proposed caps on credit card interest rates. According to JPMorgan's financial chief, implementing such restrictions would actually backfire—potentially harming consumers rather than protecting them. The concern centers on how rate caps could squeeze lending availability and drive up costs for borrowers across the board. When financial institutions face margin compression from regulatory ceilings, they tend to tighten credit access or shift risk elsewhere. This ripple effect can leave everyday consumers with fewer options and less favorable terms. The debate highlights a common tension in financial regulation: well-intentioned price controls sometimes produce unintended consequences in competitive lending markets. Whether this argument holds water depends on market structure, but it's raising important questions about the real-world impact of interest rate policies on consumer credit availability and pricing.