2026-01-10 16:29:41

The US bank interest rate cap rules are actually determined by state law. Banks operating nationwide can use the maximum interest rate set by their home state's law, regardless of where they operate. That's why major banks flock to Delaware and South Dakota.

This was legally confirmed by a Supreme Court ruling in 1978. In other words, the system is deeply rooted. It can't be dismantled by a presidential order alone. To change financial regulations, legal-level action is essential.

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