Trump's 10% credit card rate cap
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American Express shares fell, alongside other credit card stocks, after President Trump floated a one-year cap on credit card interest rates. The company's latest results show strong spending and fee momentum, alongside steady credit quality. Shares of American Express have slide more than 6% since late last week.
Trump's year-long cap on credit card interest is "well-intentioned," say experts, but it poses significant risks.