SoFi stock slides as CEO Anthony Noto weighs Trump’s 10% credit-card rate cap
SoFi Technologies shares fell 2.4% to $26.74 Monday after CEO Anthony Noto said Trump’s proposed 10% cap on credit-card rates could boost demand for personal loans. The stock had reached $28.05 before reversing. Capital One and Synchrony dropped 7.5% and 8.9%, while Visa and Mastercard each lost about 2%. Trump’s plan would cap rates for one year starting January 20.