Citi's CFO said the bank "would" and "could" not support the proposed cap.

Citigroup stock (NYSE: C) fell on mixed Q4 results, with divestiture losses and rising expenses overshadowing strong revenue.

Banking industry groups have said that a 10% limit on rates threatens to cut credit availability to certain customers, especially those with subprime credit scores.

Premium cards boomed in 2025. 2026 will bring a K-shaped market, more experiential perks, growing mid-tier cards and steadier ...

Airport lounge access is one of the most valuable — and misunderstood — benefits tied to credit cards. Lounges offer a quieter place to wait, complimentary food and drinks, stronger Wi-Fi and, in many ...

“An artificial cap on credit card interest rates is likely to backfire on the White House by making credit less accessible to ...

Wall Street is seeing positive results as big banks report increased profits. Bank of America, Citigroup, and Wells Fargo ...

Consumer advocates have long pushed for some limits on credit card rates with little success. Banks have argued that any caps ...

While major banks, including JPMorgan Chase and Citi, warned that a 10% credit card cap would reduce access to credit, some ...

If Americans are gripped by an affordability crisis, its biggest banks aren’t seeing it. Consumer spending is growing, people are saving and investing too, while losses on bad credit cards are falling ...