Key insights : Visa CEO Ryan McInerney reiterated the company's long-held stance that the Credit Card Competition Act would have far-reaching negative consequences. : Visa CEO Ryan McInerney reiterated the company's long-held stance that the Credit Card Competition Act would have far-reaching negative consequences. What's at stake : President Trump's support of the Credit Card Competition Act and calls for a 10% interest rate cap have drawn fresh attention to credit card fees and costs. : President Trump's support of the Credit Card Competition Act and calls for a 10% interest rate cap have drawn fresh attention to credit card fees and costs. Visa Chief Executive Officer Ryan McInerney reiterated the company's long-held stance that the Credit Card Competition Act would have far-reaching negative consequences after talks of the embattled regulation were revived by President Trump.