Key Highlights
- Trump proposed a 10% cap on credit card interest rates effective January 20, 2026.
- Capital One and Synchrony Financial stocks fell up to 10% in early trading.
- American Express and Citigroup shares dropped about 4% before the market opened.
- Banking associations argue the cap could hinder access to credit and negatively impact families and small businesses.
- Barclays, a UK bank with a significant US card business, saw its shares decline by 3.5%.
