[Watcher Guru] JUST IN: Senate Democrats prepare to impose 10% cap on credit card interest rates.

Senate Democrats are preparing legislation to cap credit card interest rates at 10%, setting up a potential clash with banks and card issuers over consumer borrowing costs. The proposal targets a market where many cards currently carry APRs well above that level, and it would mark a rare federal limit on pricing in consumer credit. The move matters because it could compress interest income at major issuers and reshape how lenders underwrite and market cards if enacted. What to watch next is whether the bill gains enough support to advance in the narrowly divided Senate and how bank stocks and card-issuer earnings guidance react to the proposal.