economy
January 12, 2026
Trump targets credit card rates. What’s at stake for Capital One and other banks
Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.
TL;DR
- Capital One shares fell on Monday.
- Donald Trump called for a 10% cap on credit card rates.
- This proposal affects a major profit driver for Capital One.
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