Citigroup CEO Jane Fraser has expressed concerns about the proposed 10% cap on credit card interest rates, citing a failed attempt during the Carter administration. The cap is intended to address the high APRs in the U.S., which average 20%-25% and can exceed 30%. Banks, including Citigroup, rely heavily on interest revenue from credit card debt, with Citigroup’s credit card segments generating $18.3 billion in revenue in 2025. The potential cap could impact this revenue stream and comes at a time when Citigroup reported a disappointing Q4 2025, missing revenue and earnings estimates. Despite this, analysts have a “Moderate Buy” rating on Citigroup stock, with a mean target price of $131.46, indicating a potential upside of 14%.

Read more at Yahoo Finance: Calling Back to Jimmy Carter, Citigroup’s CEO Says Credit Card Rate Caps Would ‘Not Be Good’ for the U.S. Economy