The CEO of JPMorgan Chase, the largest bank in the U.S. with $3.4 trillion in assets, is taking a firm stance against federal regulations.
JPMorgan Chase CEO Jamie Dimon spoke out at the American Bankers Association convention in New York City on Monday against “overlapping” federal rules on card payments, open banking, and other areas, stating that “it’s time to fight back.”
“We are suing our regulators over and over and over because things are becoming unfair and unjust, and they are hurting companies, a lot of these rules are hurting lower-paid individuals,” Dimon stated, per Reuters.
Related: JPMorgan Is Suing Customers Over ‘Infinite Money Glitch’ TikTok Trend
JPMorgan threatened to sue
→ Continue reading at Entrepreneur