JPMorgan’s Jamie Dimon warns Trump’s 10% credit card cap would cause ‘economic disaster’

Photo Credit: Vitaly Gariev via Unsplash. Article by Taylor Herzlich. New York Post – Januay 21. 2026.

JPMorgan Chase CEO Jamie Dimon on Wednesday warned that President Trump’s 10% credit card cap would force banks to yank credit lines for most Americans — hammering the economy. “Of course we want affordability,” Dimon said during an interview with the Economist at the World Economic Forum in Davos, Switzerland. But the 10% cap “would be a [sic] economic disaster.” “Our business, we would survive it, by the way,” he added. “In the worst case, you would have a drastic reduction of the credit card business.” […]

Click here to view original web page at www.nypost.com

Video: Davos: JPMorgan’s Dimon Says Credit Card Cap Would Be ‘Economic Disaster’ – Bloomberg Television

Related articles:

Jamie Dimon says Trump’s credit card rate cap would be ‘economic disaster’ – Fox Business

Trump Revives 10% Credit Card Cap At Davos – CUToday.info

White House 10 percent card-rate cap push lifts bank stocks – The Street