$BIFI

BIFI

184.1

-8.04%

Former President Trump has proposed a temporary cap on

U.S.acredit card interest rates at 10% for one year, starting

January 20.

Current Situation:

Most credit cards currently charge 20–30%+ APR, which he argues places excessive financial strain on consumers.

Key Considerations:

The proposal is not law and would require Congressional approval.

If implemented, it could significantly reduce interest costs for cardholders.

Banks may respond by tightening #lending standards, increasing fees, or reducing credit availability.

Market Impact:

The announcement adds uncertainty for financial stocks.

Lack of clarity on timing and enforcement could lead to short-term market #volatility .