SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi

SoFi CEO Anthony Noto.

BRENDAN MCDERMID/REUTERS

• SoFi CEO Anthony Noto weighed in on Trump's proposed 10% cap on credit card interest.
• Noto said the cap could boost consumer demand for personal loans.
• Billionaire CEO Bill Ackman, on the other hand, called the cap a "mistake" in a now-deleted X post.

Some billionaire CEOs and banking groups balked at President Donald Trump's proposed one-year 10% cap on credit card interest.

Not SoFi CEO Anthony Noto.

In an X post on Saturday...