Trump's credit card rate cap plan has unclear path, 'devastating' risks, bank insiders say

Impact · against what's priced in

The proposed 10% credit card rate cap creates a severe near-term risk to profitability for issuers, particularly Capital One due to its high concentration in credit card loans. While legal uncertainty and the potential for a negotiated compromise provide some hedge, the immediate threat of reduced credit availability and account closures for subprime borrowers is a material negative catalyst.

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