Stack of credit cards on desk beside charts and calculator, illustrating credit rate cap pressure. Key Points The market’s reaction reflected a selective repricing, with high-APR-dependent lenders hit hardest and fee-driven models holding up better. A proposed 10% APR cap pressures subprime-focused card economics, widening the gap between traditional lenders and transaction-based platforms. Investors appear to be positioning for a credit vacuum, where displaced borrowers migrate to alternative financin ...