Citigroup's CFO Mark Mason recently outlined the banking giant's position on the Trump administration's affordability agenda. While the lender expressed willingness to collaborate on broader affordability initiatives, it drew a clear line on one specific proposal: the suggested cap on credit card fees.

This move reflects the ongoing tension between government efforts to make financial services more accessible and the banking sector's concerns about profit margins. The fee cap proposal has emerged as a contentious point, with major financial institutions pushing back on what they view as constraints on their pricing flexibility.

Citigroup's selective cooperation stance—backing the general affordability push while opposing the fee restrictions—signals how traditional lenders are navigating the current regulatory environment. It's a balancing act between appearing responsive to policy priorities and protecting core revenue streams.