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0.00164962058726489 0.000183291176362812 -0.000146632941090291 0.000702371787822112 0.00137175116389887 0.001165182008138 -0.000439898823270664 0.000219949411635332
Stock impact report

A 10% Cap On Credit Card Interest Rates? Just A Bad Idea [Seeking Alpha]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
A 10% cap would eliminate U.S. cashback programs, restrict credit access for riskier borrowers, and dampen GDP growth tied to personal consumption. U.S. social and economic structures differ fundamentally from Europe, making EU-style interest caps impractical and unlikely to be adopted. I view the recent selloff in financial stocks as an overreaction and plan to accumulate more shares of Visa and Mastercard. Devrimb/iStock via Getty Images A good idea, but only at first glance The recent President Trump's statements have shaken all the companies involved in the credit card business. From big banks to payment processing companies, the entire industry dropped following this This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of V either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). Show less Read more
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