Jamie Dimon Sounds the Alarm on Credit Card Cap
JPMorgan’s Jamie Dimon just called the proposed 10% credit‑card interest cap an “economic disaster.”
Why does this matter?
Because if banks can’t price risk, they pull credit, not subsidize it.
Dimon claims up to 80% of Americans could lose access to credit lines — the very thing many rely on during emergencies.
This isn’t about protecting consumers.
It’s about political optics vs. financial reality — and the gap between them is massive.
Whether you agree with Dimon or not, one thing is clear:
Messing with credit markets has second‑order effects politicians rarely understand.
#Finance #economy #CreditMarkets #BankingNews #MacroInsights
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