Card View | Text_Icon color formatting not working

I was making some updates to an older app, and loved the look of the card view (when in list form) for a replacement of the deck view.
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But when I tried to apply a formatting rule to a Text_Icon (to change the colors), the formatting rule is not being respected inside the card view.

hmmmโ€ฆ who to tagโ€ฆ

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