Wall Street hits back at Trump’s plan to limit interest on credit cards

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Why This Matters

Wall Street banks, including Citigroup and Wells Fargo, have pushed back against Trump's proposal to cap interest rates on credit cards, arguing it would limit access to credit and negatively impact economic growth.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth

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Full article on Financial Times
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Original article published by Financial Times on January 14, 2026.
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