A new law imposing a 10% interest rate cap on credit cards (effective after January 20th) is expected to pass and negatively impact the profit margins of publicly traded credit card companies.
"Supposedly, there will be a violation of the law if they charge over 10% interest rates after January 20th. So, it's going to be interesting to see if this actually sticks. and then also all the different credit card companies that are publicly traded to see how they react to this kind of news because obviously it's going to eat into their margins."