Bank Stocks Brace for Impact After Trump Calls for 10% Cap on Credit-Card Interest Rates

Core Viewpoint - President Donald Trump is advocating for credit-card companies to impose limits on the interest rates charged to consumers, reflecting a heightened focus on consumer affordability concerns [1] Group 1 - The call for interest rate caps indicates a potential shift in regulatory focus towards consumer protection in the credit card industry [1] - This initiative may impact the profitability and operational strategies of credit-card companies, as they may need to adjust their pricing models to comply with potential regulations [1]