In a bold move aimed at enhancing affordability, former President Trump has announced a proposal to cap credit card interest rates at 10% for one year. This initiative seeks to provide relief for consumers battling rising debt but has drawn significant criticism from major banking institutions, including Citi and JPMorgan, whose stocks have already begun to slide in response. Trump’s plan has sparked a heated debate, with some experts warning that such a cap could harm vulnerable borrowers and disrupt the credit market. As banks like Barclays witness a drop in share prices and industry leaders express concern about the potential impact on lending practices, it remains to be seen how this controversial proposal will unfold and what consequences may arise for credit card companies.