2026-01-12 05:29:17

The overnight market response to the recent credit card rate cap proposal has been swift and telling. Buy-now-pay-later stocks surged 3-5% in early trading, with investors betting on BNPL platforms as the ultimate credit card disruption play. $KLAR has been particularly strong, reflecting confidence in companies that can operate efficiently under tighter rate restrictions.

Meanwhile, traditional banking took the hit. Credit card issuers and major banks slid 1-2%, though some took it harder than others. $COF dropped over 3%, signaling real pressure on legacy banking models dependent on high-rate credit cards. The market is clearly repricing risk for financial institutions facing margin compression, while simultaneously rewarding the fintech challengers positioned to thrive under the new regulatory framework.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

6 Likes

Reward
6
8
Repost
Share

Comment

0/400

RugpullAlertOfficer

· 50m ago

Oh, now the banks are having a hard time. Serves them right. --- $KLAR takes off directly, this wave of BNPL really made a profit. --- Once the interest rate cap was announced, traditional finance had to shrink. Serves you right for being so ruthless. --- $COF drops over 3%, this is what you call karma, haha. --- The market is very realistic. It turns quickly with policy shifts. Just admire this speed. --- Suddenly thought, will BNPL also be under regulatory scrutiny? Anyway, finance can't escape. --- The good days for banks are coming to an end. Finally, someone dares to challenge them. --- Post-payment startups are riding the wind, but who knows how long this wind will last. --- With the interest rate ceiling certain, traditional credit card companies are bleeding heavily. The logic makes sense.

View OriginalReply0

HallucinationGrower

· 01-12 15:30

Position shifting, traditional banks are being eliminated, BNPLs are taking off. This wave of regulatory reform is really reshaping the financial ecosystem. Credit card interest rates are fixed at one rate, and the traditional model is obsolete. No wonder COF has dropped so sharply. BNPL has truly found an opportunity this time. Compared to the outdated methods of banks, it is indeed more agile. Under interest rate regulation, who will survive well... it all depends on whose cost structure is robust enough. This is the cruelty of the market. Banks should think about how to turn around, or they will really be overtaken by tech companies.

View OriginalReply0

SadMoneyMeow

· 01-12 05:59

Banks are really about to be overthrown; this interest rate policy directly hits their Achilles' heel. $KLAR is surging quite aggressively this time; I need to keep an eye on it. Traditional finance is rigid; BNPL is the future, right? COF has fallen so much, short sellers must be laughing their heads off. Now it's the turn for fintech to turn the tide and sing their victory song. If you can't play cards, then do this? That's too intense, everyone. It feels like fintech is about to take off, but don't get too optimistic.

View OriginalReply0

CryptoCrazyGF

· 01-12 05:55

Haha, the bank has been proven wrong again. This time, it's the BNPLs' turn to fight back. Traditional finance should go bankrupt. Let's get this crypto crowd moving. $KLAR is taking off directly. This is the future, brothers. COF drops 3%, I knew the trend was over. It should have been revolutionized long ago. Fintech is the real king. Sitting back and waiting for the banks to cry.

View OriginalReply0

ser_we_are_ngmi

· 01-12 05:52

Banks are really about to be overthrown this time. The BNPL kids have finally turned things around. $KLAR is going crazy, this is the power of the market. Traditional finance should really reflect on their old ways. Interest rates are stuck, they deserve it.

View OriginalReply0

AirdropBuffet

· 01-12 05:49

Buy now, pay later is really about to take off. Banks are definitely going to be pushed to the ground. $KLAR's surge is a bit outrageous. --- $COF dropped over 3%, which feels pretty satisfying. Traditional finance should be under attack. --- Haha, the overnight reaction was so quick. Someone must be arbitraging wildly between BNPL and bank stocks. --- Once the interest rate cap was announced, money automatically flowed into BNPL. That's the power of the market, everyone. --- The question is, can BNPL really beat banks? Or is it just a flash in the pan? --- $COF was cut in half directly. Did someone buy the dip? I'm a bit scared. --- This time is different. Regulations have changed, and the game rules have changed. It's a naked replacement.

View OriginalReply0

Rugpull幸存者

· 01-12 05:39

BNPL this wave is really about to take off, banks have been bleeding for years, it's time to settle accounts --- $KLAR hasn't risen enough, this is just the beginning --- Wait, $COF drops 3% and that's it? I thought it would crash even harder --- Haha, traditional banks finally got a taste of defeat, Web3 has long anticipated this --- The market's reaction... feels like BNPL is overhyped --- Basically, the trend has shifted, money is flowing into new tracks, old finance is gradually dying --- Once the interest rate cap is announced, banks' good days are truly over --- Isn't this just financial democratization? I've been waiting for this day for a long time

View OriginalReply0

HashBrownies

· 01-12 05:37

Another trick to cut leeks, and those flamboyant and cheap BNPL guys dare to call themselves disruptors? COF drops 3%, it should drop even more. Vampire banks should go bankrupt. The market is just a joke; today's rewards are tomorrow's cuts. Things like KLAR will eventually fail too. Don't get caught. Traditional finance is dead and deserved it; new forces won't last long either. I don't believe in this rebound at all. Just wait for the crash. Once policy sentiment shifts, BNPL will have to bow down again. The wheel of history. Banks are finally tasting the feeling of being crushed. Nice.

View OriginalReply0