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At this stage, the 10% credit card interest rate cap is more of a political message, because it needs Congressional approval to become reality and there is no clear implementation plan on the table. But it still affects perception, and perception matters a lot in the stock market. A cap like this could tighten credit access, especially for weaker credit profiles, and pressure ancillary benefits.
The key distinction for Visa is this, Visa is not an issuer that collects interest income; its revenue is mainly driven by transaction volume through services, data processing, and cross-border tran