A proposed cap on credit card interest rates could severely shake the $70 billion securitized debt market, where lenders bundle credit card obligations into tradeable bonds. Industry analysts warn the ceiling would fundamentally disrupt this asset class. Yet interestingly, investors seem largely unmoved—most traders aren't pricing in the policy as a serious near-term threat. The disconnect reveals a familiar dynamic: market skepticism about regulatory follow-through. Whether this legislative proposal gains real traction remains uncertain, but the potential fallout for the asset-backed securities space is substantial enough to warrant closer attention.