Capitol Account

Capitol Account

White House Move to Enlist Banks in Immigration Fight Adds to Industry's Washington Woes

Also, Better Markets' Fed screed; OCC issues stablecoin rule proposal; Treasury secretary pays tribute to Karen Petrou

Feb 26, 2026
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Bank executives breathed a collective sigh of relief when Donald Trump concluded his lengthy State of the Union Address without trumpeting his plan to cap credit card interest rates. But the industry didn’t exactly have time to celebrate the win – it was frantically trying to dodge yet another bullet from the administration.

The latest dustup began yeste…

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