Jan 21 (Reuters) – JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would amount to economic disaster, while U.S. President Donald Trump doubled ...
JPMorgan Chase CEO Jamie Dimon pushed back on calls by the administration of United States President Donald Trump to cap credit card interest rates, claiming that if Congress follows through, it would ...
JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump's credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an "economic ...
JPMorgan Chase CEO Jamie Dimon warned that President Donald Trump’s proposed interest cap on credit card rates would lead to “economic disaster” for everyday Americans. Earlier this month, Trump ...
If President Donald Trump gets his way on credit cards, JPMorgan Chase CEO Jamie Dimon predicts chaos — but more on the streets of American towns than in the walls of his own bank. "It would be an ...
JPMorgan's chief executive said a blanket 10% interest rate-cap on credit-card loans would be an “economic disaster.” “In the worst case, you would have a drastic reduction in the credit card business ...
“It would remove credit from 80% of Americans, and that is their back-up credit,” Dimon said, though he added that JPMorgan would survive the impact. The banking chief emphasized that consequences ...
Jamie Dimon said President Donald Trump’s proposal to cap credit-card interest rates would spell “economic disaster” for the U.S., forcing banks to pull credit lines for many Americans. Speaking at ...
Jamie Dimon said President Donald Trump’s proposal to cap credit-card interest rates would spell “economic disaster” for the US, forcing banks to pull credit lines for many Americans. Speaking at the ...
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