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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.

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

A chorus of previous Fed chairs, Treasury secretaries and prominent economists came together Monday to support Jerome Powell.

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The Trust Advisor

Nicole Mitchell Burglary Conviction Shines Spotlight on Advanced Estate Planning

Becker County jury found Sen. Nicole Mitchell (DFL-Woodbury) guilty of two burglary charges after she broke into Detroit Lakes home of her stepmother.

The Trust Advisor

Hulk Hogan’s Widow Sky Daily, Accused of Locking Down His Estate, Could Inherit Millions After His Sudden Passing

Hulk Hogan passed away after a cardiac arrest on morning of July 24. Even after almost 30 minutes of trying to revive him, paramedics faced failure.

The Trust Advisor

Rashawn Slater’s Ex-Wife Calls Out ‘Deplorable’ Aggregator Dov Kleiman for Dragging Divorce Into New Contract

Stassney Brown, ex-wife of Chargers left tackle Rashawn Slater, called out social media post linking NFL couple’s divorce to his recent contract.

The Trust Advisor

How Ozzy Osbourne’s Family is Set to Be Ripped Apart By $230Million Inheritance Battle

Ozzy Osbourne's death could be set to spark a bitter inheritance war over his estimated $230million fortune, RadarOnline.com can reveal.

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Popular

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

Economy

'Inflation Will Surprise to The Downside in 2026':

FundFocus

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

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

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