(Jan 15): Citigroup Inc chief financial officer Mark Mason said the lender wants to cooperate with US President Donald Trump’s affordability push but doesn’t support his proposed cap on credit card fees. Trump has taken aim at Wall Street’s credit card businesses. Last Friday, he announced a 10% cap on card interest rates, with a deadline of Jan 20. “Studies in the US have shown a vast majority of consumers and businesses would lose access to credit cards,” Citigroup chief executive officer Jane Fraser said on call with analysts. “They would be forced to pursue more predatory alternatives, and you would only be left with the wealthy having access to credit cards.

Source: The Edge Markets January 15, 2026 05:54 UTC