Visa stock hit again by Trump’s 10% credit-card rate cap push as traders eye Jan. 20
Visa shares fell 4.5% to $327.88 Tuesday after President Trump proposed capping credit-card interest rates at 10% for one year starting Jan. 20. Mastercard dropped 3.8% and financial stocks slid as banks warned the cap could restrict credit. Analysts said such a move would require congressional approval. Investors await further details from Washington.