On Tuesday, the payment concept sector continued its decline from the previous session. By the time of writing, Bread Financial (BFH.US) and Synchrony Financial (SYF.US) had fallen more than 1%, American Express (AXP.UE) dropped nearly 1%, Visa (V.US) declined over 3.8%, Mastercard (MA.US) fell 3.5%, and Affirm Holdings (AFRM.US) slumped more than 5%. Major bank stocks also trended lower simultaneously, with Bank of America (BAC.US) and Citigroup (C.US) down 0.5%, and JPMorgan Chase (JPM.US) falling over 2.6%. The market movement was influenced by news that former U.S. President Donald Trump had called for a cap on credit card interest rates at 10%, sparking concerns that the profit models of banks and credit card companies could be adversely impacted.