Support from Stryten Energy Enables Rivers of Recovery to Expand Veteran Rehabilitation Programs

EAGAN, Minn.--(BUSINESS WIRE)--May 21, 2025--

Rivers of Recovery (RoR) is pleased to announce that Stryten Energy LLC ( www.stryten.com ) has provided a generous financial donation for the fifth year in a row to support wounded U.S. combat veterans participating in Rivers of Recovery programs. The donation will directly support combat veterans suffering post-traumatic stress, mild traumatic brain injury, or other psychological wounds of war by allowing them to go through RoR’s unique outdoor rehabilitation program at no cost to them.

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“At Stryten Energy, our commitment to supporting military veterans remains unwavering,” said Mike Judd, Chief Executive Officer and President of Stryten Energy. “We are proud to continue our partnership with Rivers of Recovery, enhancing the lives of returning soldiers through innovative outdoor recreational therapy and comprehensive treatment programs.”

As part of the sponsorship, veteran employees from Stryten Energy will have the opportunity to participate in several fly-fishing trips as volunteers alongside RoR guides. These trips provide combat veterans with an experiential rehabilitation program that focuses on outdoor recreational therapy activities along with other self-treatment techniques.

For the second consecutive year, Stryten Energy facilitated an additional generous donation on top of its annual donation. After winning a recent charity cornhole tournament for the second year in a row, Stryten chose Rivers of Recovery as the beneficiary of the winnings. With Stryten's continued partnership, RoR is not just expanding programs, but transforming the landscape of veteran care by making evidence-based outdoor therapy accessible to more veterans than ever before.

"Thanks to Stryten's extraordinary contribution for 2025, we're poised to dramatically expand our impact this year,” said Amy Simon, Executive Director of Rivers of Recovery. “Our remarkable achievements in 2024 were made possible by Stryten's generous donation, which funded our groundbreaking research partnership with Cornell University on outdoor therapy effectiveness and enabled us to expand our programs significantly. This support also helped us conduct additional river trips across California, Arkansas, Connecticut, Wisconsin, New York and our first Idaho trip; launch our all-women veterans' retreats in Wisconsin; and support our landmark Catalina Island experience that served 40 California veterans."

With Stryten’s contributions, RoR plans to expand its program in 2025 to include:

Additionally, Stryten is the platinum sponsor for RoR’s Stars and Stripes charity fishing tournament to be held June 5-6, 2025, in Newburg, MD. Hosted by Mid River Guide Service, teams will compete for awards for the largest fish, most fish and team spirit. All proceeds from the tournament will help RoR in providing additional therapeutic excursions for our nation’s wounded warriors.

About Rivers of Recovery

Rivers of Recovery was founded in 2008 by Dan T. Cook to help combat veterans overcome the invisible scars of war. As an industry leader in veteran rehabilitation, Rivers of Recovery utilizes a medically designed curriculum coupled with outdoor recreational activities to treat combat veterans suffering with Post Traumatic Stress (PTS), mild Traumatic Brain Injury (mTBI), stress, anxiety and depression.

About Stryten Energy

Stryten Energy helps solve the world’s most pressing energy challenges with a broad range of energy storage solutions across the Essential Power, Motive Power, Transportation, Military and Government sectors. Headquartered in Alpharetta, Georgia, we partner with some of the world’s most recognized companies to meet the growing demand for reliable and sustainable energy storage capacity. Stryten powers everything from submarines to subcompacts, microgrids, warehouses, distribution centers, cars, trains and trucks. Our stored energy technologies include advanced lead, lithium and vanadium redox flow batteries, intelligent chargers and energy performance management software that keep people on the move and supply chains running. An industry leader backed by more than a century of expertise, Stryten has The Energy to Challenge the status quo and deliver top-performing energy solutions for today and tomorrow. Learn more at www.stryten.com.

Stryten Energy employee and U.S. Navy Veteran on Rivers of Recovery fly fishing trip.

Stryten Energy employee and U.S. Navy Veteran on Rivers of Recovery fly fishing trip.

Support from Stryten Energy Enables Rivers of Recovery to Expand Veteran Rehabilitation Programs

NEW YORK (AP) — Reviving a campaign pledge, President Donald Trump wants a one-year, 10% cap on credit card interest rates, a move that could save Americans tens of billions of dollars but drew immediate opposition from an industry that has been in his corner.

Trump was not clear in his social media post Friday night whether a cap might take effect through executive action or legislation, though one Republican senator said he had spoken with the president and would work on a bill with his “full support.” Trump said he hoped it would be in place Jan. 20, one year after he took office.

Strong opposition is certain from Wall Street in addition to the credit card companies, which donated heavily to his 2024 campaign and have supported Trump's second-term agenda. Banks are making the argument that such a plan would most hurt poor people, at a time of economic concern, by curtailing or eliminating credit lines, driving them to high-cost alternatives like payday loans or pawnshops.

“We will no longer let the American Public be ripped off by Credit Card Companies that are charging Interest Rates of 20 to 30%,” Trump wrote on his Truth Social platform.

Researchers who studied Trump’s campaign pledge after it was first announced found that Americans would save roughly $100 billion in interest a year if credit card rates were capped at 10%. The same researchers found that while the credit card industry would take a major hit, it would still be profitable, although credit card rewards and other perks might be scaled back.

About 195 million people in the United States had credit cards in 2024 and were assessed $160 billion in interest charges, the Consumer Financial Protection Bureau says. Americans are now carrying more credit card debt than ever, to the tune of about $1.23 trillion, according to figures from the New York Federal Reserve for the third quarter last year.

Further, Americans are paying, on average, between 19.65% and 21.5% in interest on credit cards according to the Federal Reserve and other industry tracking sources. That has come down in the past year as the central bank lowered benchmark rates, but is near the highs since federal regulators started tracking credit card rates in the mid-1990s. That’s significantly higher than a decade ago, when the average credit card interest rate was roughly 12%.

The Republican administration has proved particularly friendly until now to the credit card industry.

Capital One got little resistance from the White House when it finalized its purchase and merger with Discover Financial in early 2025, a deal that created the nation’s largest credit card company. The Consumer Financial Protection Bureau, which is largely tasked with going after credit card companies for alleged wrongdoing, has been largely nonfunctional since Trump took office.

In a joint statement, the banking industry was opposed to Trump's proposal.

“If enacted, this cap would only drive consumers toward less regulated, more costly alternatives," the American Bankers Association and allied groups said.

Bank lobbyists have long argued that lowering interest rates on their credit card products would require the banks to lend less to high-risk borrowers. When Congress enacted a cap on the fee that stores pay large banks when customers use a debit card, banks responded by removing all rewards and perks from those cards. Debit card rewards only recently have trickled back into consumers' hands. For example, United Airlines now has a debit card that gives miles with purchases.

The U.S. already places interest rate caps on some financial products and for some demographics. The Military Lending Act makes it illegal to charge active-duty service members more than 36% for any financial product. The national regulator for credit unions has capped interest rates on credit union credit cards at 18%.

Credit card companies earn three streams of revenue from their products: fees charged to merchants, fees charged to customers and the interest charged on balances. The argument from some researchers and left-leaning policymakers is that the banks earn enough revenue from merchants to keep them profitable if interest rates were capped.

"A 10% credit card interest cap would save Americans $100 billion a year without causing massive account closures, as banks claim. That’s because the few large banks that dominate the credit card market are making absolutely massive profits on customers at all income levels," said Brian Shearer, director of competition and regulatory policy at the Vanderbilt Policy Accelerator, who wrote the research on the industry's impact of Trump's proposal last year.

There are some historic examples that interest rate caps do cut off the less creditworthy to financial products because banks are not able to price risk correctly. Arkansas has a strictly enforced interest rate cap of 17% and evidence points to the poor and less creditworthy being cut out of consumer credit markets in the state. Shearer's research showed that an interest rate cap of 10% would likely result in banks lending less to those with credit scores below 600.

The White House did not respond to questions about how the president seeks to cap the rate or whether he has spoken with credit card companies about the idea.

Sen. Roger Marshall, R-Kan., who said he talked with Trump on Friday night, said the effort is meant to “lower costs for American families and to reign in greedy credit card companies who have been ripping off hardworking Americans for too long."

Legislation in both the House and the Senate would do what Trump is seeking.

Sens. Bernie Sanders, I-Vt., and Josh Hawley, R-Mo., released a plan in February that would immediately cap interest rates at 10% for five years, hoping to use Trump’s campaign promise to build momentum for their measure.

Hours before Trump's post, Sanders said that the president, rather than working to cap interest rates, had taken steps to deregulate big banks that allowed them to charge much higher credit card fees.

Reps. Alexandria Ocasio-Cortez, D-N.Y., and Anna Paulina Luna, R-Fla., have proposed similar legislation. Ocasio-Cortez is a frequent political target of Trump, while Luna is a close ally of the president.

Seung Min Kim reported from West Palm Beach, Fla.

President Donald Trump arrives on Air Force One at Palm Beach International Airport, Friday, Jan. 9, 2025, in West Palm Beach, Fla. (AP Photo/Julia Demaree Nikhinson)

FILE - Visa and Mastercard credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)