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Credit Card Stocks Sink After Trump Proposes 10% Cap On Fees: 'Yikes'

by The Wealth Advisor Contributor
Shares in major credit card lenders tumbled in early trading Monday after President Trump proposed a 10% cap on the fees these cards charge customers.

Featured

Republican Sen. Thom Tillis Vows To Block Trump’s Fed Nominees Following Powell Probe

Sen. Thom Tillis (R-N.C.) said he will block any Trump Fed appointees, including for chair, in light of revelations of Powell investigation.

Bitcoin Price To Surge As Trump Pushes Debasement Trade ‘Into Overdrive,’ Analysts Say

Further devaluation of the US dollar in 2026 will send Bitcoin’s price soaring, analysts say.

Bond Traders’ Big Bet For 2026 Vindicated By Soft US Job Growth

Bond investors’ overarching wager on the path of the Federal Reserve and the Treasuries market in 2026 looks like it has room to run.

Recent

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Business Not as Usual: Coronavirus Pandemic Continues to Disrupt Businesses and Prompt Regulatory Actions

FINRA issued a pandemic-related regulatory notice reminding members that they're required to have and review a business continuity plan annually. 

News

Fed is ‘throwing money in the wrong place,’ says Sheila Bair, former top banking regulator

Financial help needs to go to ‘small businesses and people already losing their jobs’ 

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Coronavirus combined with zero interest rates 'really worries me,' Bridgewater's Dalio says

Dalio is concerned about the combination of zero interest rate policy and the growing health pandemic.

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Fed brings out big guns, investors fear the worst

The Fed’s dramatic actions brought home the severity of the moment the U. finds itself in as the epidemic threatens to tip the economy into recession.

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Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

Economy

'Inflation Will Surprise to The Downside in 2026':

The Trust Advisor

Amy Schumer Takes a $1.25 Million Loss on Iconic NYC Brownstone Amid Divorce

Washington Wire

Trump Says He Wants Government To Buy $200B In Mortgage Bonds In A Push To Bring Down Mortgage Rates

Washington Wire

Greenspan, Bernanke, Yellen And Other Past Officials Say Trump Using ‘Prosecutorial Attacks’ To Undermine Fed

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