Ben Schaechter, who runs cloud-cost management company Vantage, said the feature "dramatically changed my life" after his personal number ended up in founding paperwork and attracted endless sales calls
It dramatically changed my life too, in a good way. Ever since the upgrade to iOS26, my phone became completely silent from calls/texts of the scammers. People who actually want to have a legitimate conversation with me will always say their name and I always accept their calls.
but if the interest rate is capped lower, the creditor would just refuse to lend you money outright
This part caught my attention; maybe the administration is trying to trigger this by design. They want this refusal so that the high risk people won't be spending the money they cannot repay. Sounds brutal but I think it might just work. Without having a credit card beyond $1K, they can't spend their life away and focus on earning more instead. In this case, the 1 year timeline makes sense. When someone is forced not to spend on the cc for a year, it should get them into the habit.
I never cheated an honest man, only rascals. They wanted something for nothing. I gave them nothing for something. -- Joseph "Yellow Kid" Weil