NYSE:AXPConsumer Finance
Why American Express (AXP) Is Down 6.7% After Trump’s Proposed 10% Card Rate Cap And What's Next
In early January 2026, former President Donald Trump called for a one-year cap of 10% on credit card interest rates starting January 20, triggering political and regulatory scrutiny of issuers such as American Express and its peers across the banking and payments sector.
Beyond the immediate policy uncertainty, the proposal raises deeper questions about how a forced reset of lending economics could reshape card rewards, credit availability, and the balance of power between traditional card...