Wells Fargo stock price slips as credit-card rate cap fight hits banks — what’s next
Wells Fargo shares fell 1.9% to $86.66 Tuesday as bank stocks dropped on concerns over a proposed 10% cap on credit-card interest rates. President Trump is pushing the limit, but details on implementation remain unclear. The American Bankers Association warns up to 159 million cardholders could lose access if the cap is enacted. Wells Fargo will appear at a key conference Feb. 10.