Reported 30 days ago
During a recent appearance at an American Bankers Association conference, JPMorgan Chase CEO Jamie Dimon condemned US regulators, particularly criticizing CFPB director Rohit Chopra, describing proposed regulations as an 'onslaught.' He expressed the industry's readiness to legally challenge new rules, emphasizing the need for banks to stand firm against regulatory pressures, especially concerning consumer data management. While acknowledging the strength of the US economy, Dimon also warned about potential future inflation issues.
Source: YAHOO