Just as traders were settling in for the weekend, a new headline hit: Trump is calling for a one-year cap on credit-card interest rates at 10%, proposed to begin Jan. 20, 2026. The idea alone is enough to get banks and financial execs on edge.
It’s not a small offhand comment, either—it reads like a big policy shot fired at a time when markets are thin and reactions can snowball fast.
Why markets will care:
- A 10% cap would be a direct hit to credit-card lenders.** Most cards run 20–30%+, so this would pressure consumer-lending profits and force business-model changes if it ever became real.
- Details are missing.There’s no clear enforcement mechanism yet—so for now it’s headline risk, speculation, and volatility until Congress/regulators weigh in.
- Financials could wobble. Expect banks and consumer-credit names to be in focus when markets reopen.
Crypto watchlist (tonight): | $pippin | $GPS #USNonFarmPayrollReport
