Visa Inc. faces new regulatory challenges after a prominent political figure proposed capping credit card interest rates.
The proposed plan would limit rates to 10%. This cap would last for a one-year period, scheduled to commence on January 20, 2026.
The initiative aims to make credit more affordable for consumers. While not yet enacted, the proposal introduces significant implications and notable uncertainty for the credit card sector, including major players like Visa. No specific market reaction to the news has been reported.