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SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi Business InsiderCapital One drops 6%, other banks hit after Trump calls for credit card rate cap CNBCTrump wants to cap credit card interest rates at 10%. Would that work? Al Jazeera
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Capital One shares sank Monday after Trump called for a 10% cap on credit card rates, a major profit driver for the company.
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With credit card interest rates near modern highs, President Trump says he wants to cap the rates for one year.
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A broader shift out of U.S. financial assets would revive last year's trend called the "sell America" trade.
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