Jamie Dimon Calls Credit Card Rate Cap 'Economic Disaster' - JPMorgan Chase (NYSE:JPM)

JP Morgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon issued a warning Wednesday about President Donald Trump’s proposed 10% cap on credit card interest rates, calling it an “economic disaster” during remarks at the World Economic Forum in Davos, Switzerland.Dimon: 80% of Americans Would Lose Credit Access“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 would extend ...