Brian Moynihan

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391 appearances 9 recordings 3 series first heard Dec 2025 last heard 3 Jun

Brian Moynihan’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 9 in all, peaking in Jan 2026 with 7.

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Bloomberg Talks · Bank of America CEO Brian Moynihan Talks Credit Card Cap · 22 Jan 2026 podcast

And that

That's what's in those surveys.

But if you watch their activity, and I'm a big believer, they'll tell you one thing, watch what they do, and that's what they're doing as of last Friday in the consumer base across 70 million people, which is a pretty good sample size.

So if you step back, we're all for affordability and financial products.

So you guys have thought over the years of what we did on overdraft fees, taking down by 90% over the course of 15 years.

What we did on having a $500 loan account for $5, no interest rate, you could borrow an emergency loan of $500.

Eight million customers have used that over the last several years, to give you a sense.

And then we have a no-furls credit card, no rewards and other stuff that people might attribute.

That is low rate.

It's not all the way down at that rate.

So I think the question is, can we figure out a solution where you can avoid the equal and opposite reaction?

As our friend Lafayette said in the Hamilton song, you know, every action has an equal and opposite reaction.

So the equal and opposite reaction we all talked about last week, if you actually make this a policy, it can reallocate credit.

That will slow down spending, it will slow down credit availability, and that might not be what you're trying to achieve.

So can you do something

on a go-forward basis on the limited things and even one year if you had to go reshuffle the whole deck that would be pretty uh pretty interesting and to cause a lot of change in people's views of what they have available for credit you want people to have available for credit because that gives them the courage to spend and so so we're trying to figure out we're all working trying to figure out okay given the affordability given the thought process is a way that we can do something that might help without having that equal and opposite reaction because that would not be good our point is to get

The credit loss is down to the point where you can afford that rate.

You actually can never have a charge off.

And you start to think about who can get credit.

That's the thing.

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