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business1d ago

JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'

https://mrf.lu/LsSNhttps://www.foxbusiness.com/lifestyle/jamie-dimon-says-trumps-credit-card-rate-cap-would-economic-disasterhttps://www.cnbc.com/2026/01/21/jamie-dimon-trump-immigration-policy.html
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JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster' Open in Mrf.lu
Highlights
  • Bank of America is considering whether to offer a credit card with interest capped at 10% for a year, a move tied to affordability debates.
  • Citigroup is also discussing a credit card with a 10% interest rate, signaling a shared industry response to affordability debates.
  • Bank of America’s Moynihan warned that making a 10% cap a policy could re-allocate credit, slowing spending and access.

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References

Jamie Dimon says Trump's credit card rate cap would be 'economic disaster'

https://www.foxbusiness.com/lifestyle/jamie-dimon-says-trumps-credit-card-rate-cap-would-economic-disasterFoxbusiness.com
Jamie Dimon says Trump's credit card rate cap would be 'economic disaster'

Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing'

https://www.cnbc.com/2026/01/21/jamie-dimon-trump-immigration-policy.htmlCnbc.com
Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing'

JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'

https://www.businessinsider.com/jamie-dimon-trump-credit-card-economic-disaster-davos-2026-1Businessinsider.com
JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'

JPMorgan CEO rips Trump’s immigration crackdown: 'Five grown men beating up a little old lady'

https://nypost.com/2026/01/22/business/jamie-dimon-rips-trumps-ice-immigration-crackdown-urges-calmer-approach/Nypost.com
JPMorgan CEO rips Trump’s immigration crackdown: 'Five grown men beating up a little old lady'

Trump credit card plan would be 'disaster', JP Morgan boss Dimon warns

https://www.bbc.com/news/articles/c3944lv2220oBbc.com
Trump credit card plan would be 'disaster', JP Morgan boss Dimon warns

JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’

https://www.aljazeera.com/economy/2026/1/21/jpmorgans-dimon-calls-credit-card-interest-rate-caps-a-economic-disasterAljazeera.com
JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’

Bank of America considers new credit card capped at 10% interest

https://www.nbcnews.com/business/consumer/bank-america-considers-new-credit-card-capped-10-interest-rcna255495Nbcnews.com
Bank of America considers new credit card capped at 10% interest

JP Morgan chief warns Trump credit card cap would be a ‘disaster’

https://www.thetimes.com/business/companies-markets/article/jp-morgan-chief-warns-trump-credit-card-cap-would-be-a-disaster-gblkkdznfThetimes.com
JP Morgan chief warns Trump credit card cap would be a ‘disaster’

Jamie Dimon hesitates to criticize Trump… except for one plan he says will create ‘an economic disaster’ | CNN Business

https://www.cnn.com/2026/01/21/business/dimon-davos-trump-credit-cardCnn.com
Jamie Dimon hesitates to criticize Trump… except for one plan he says will create ‘an economic disaster’ | CNN Business

Americans face ‘economic disaster’ as Chase CEO warns of 'credit card cap' risks

https://www.the-sun.com/money/15816001/chase-ceo-jamie-dimon-warns-disaster-credit-card-cap/The-sun.com
Americans face ‘economic disaster’ as Chase CEO warns of 'credit card cap' risks

Trump Looks to Congress to Cap Credit Card Rates at 10%

https://finance.yahoo.com/news/trump-looks-congress-cap-credit-155509813.htmlFinance.yahoo.com

Jamie Dimon is done being 'binary': On Trump’s ‘economic disaster’ credit card plan, foreign policy, and NATO | Fortune

https://fortune.com/2026/01/22/jamie-dimon-done-being-binary-trump-credit-card-plan-foreign-policy-nato/Fortune.com
Jamie Dimon is done being 'binary': On Trump’s ‘economic disaster’ credit card plan, foreign policy, and NATO | Fortune

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