SoFi stock swings on Trump’s 10% credit-card rate cap talk as CEO flags personal-loan upside
SoFi shares fell 1.7% to $26.94 by late morning after President Donald Trump called for a one-year 10% cap on credit-card interest rates. The proposal, announced on Truth Social, lacked enforcement details and drew skepticism from analysts and banking groups. Investors await further policy details before Jan. 20 and SoFi’s earnings report on Jan. 30.