Shares of credit card companies fell on Jan. 12 amid President Donald Trump’s proposal to cap interest rates.
Capital One declined by 6 percent, and American Express dropped by 4 percent. Shares of Visa and Mastercard fell by more than 2 percent.
Credit Card Stocks Fall on Trump’s Interest Rate Cap Proposal
While the plan might squeeze credit card issuers, advocates say it would benefit average consumers.
U.S. dollar bills and credit and debit cards in Washington on Oct. 4, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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