Stock Track | Upstart Holdings Plummets 5.18% Intraday After Trump Proposes Credit Card Interest Rate Cap

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Upstart Holdings, Inc. (UPST) saw its shares plummet by 5.18% during intraday trading on Monday, reflecting significant market reaction to recent policy developments.

The decline followed President Trump's call for a one-year cap on credit card interest rates, which negatively impacted shares of US consumer finance platforms, including Upstart Holdings. The proposal has raised concerns about potential revenue constraints for companies in the sector, leading to a sell-off.

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(UPST) saw its shares plummet by 5.18% during intraday trading on Monday, reflecting significant market reaction to recent policy developments.</p><p>The decline followed President Trump's call for a one-year cap on credit card interest rates, which negatively impacted shares of US consumer finance platforms, including Upstart Holdings. 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