Credit lender stocks slide on Trump proposal to cap card interest rates

Shares of banks and credit card companies moved lower after US president Donald Trump proposed capping interest rates on cards to 10% for a year starting January 20, rekindling an idea initially put forward during his 2024 presidential campaign. The average interest rate for credit cards in the US is reportedly about 20%.


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Source: https://www.proactiveinvestors.com/companies/news/1085502?SN…