These Experts Say Buy Credit Card Stocks Despite Trump's Threats

Key Takeaways Credit card stocks are slumping this week after President Trump took aim at the industry, saying it "ripped off" U.S. consumers with high interest rates and swipe fees. President Trump on Friday night called for a 1-year cap on credit card interest rates at 10% starting January 20. Trump ramped up the pressure on the industry Tuesday morning when he endorsed the Credit Card Competition Act, which would require cards issued by large banks to enable at least two payment networks, only one of whi ...