Of course we want affordability,” Dimon said during an interview with the Economist at the World Economic Forum. But the 10% cap “would be a [sic] economic disaster.”

JPMorgan CEO Jamie Dimon said a temporary interest rate cap could limit credit access for millions of Americans.

CEO Jamie Dimon warned Wednesday that a proposed Trump plan to cap credit-card interest rates at 10% could choke off credit access for most Americans.

JPMorgan Chase CEO Jamie Dimon blasted President Trump's proposal to cap credit card interest rates, saying it would be an "economic disaster." Why it matters: Trump backed a plan to limit card rates to 10%,

"It would be an economic disaster," Dimon said when asked about President Donald Trump's proposed one-year 10% cap on credit card interest rates. "And I'm not making that up becau

America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday.

JPMorgan Chase ( JPM) struck a deal to acquire the Apple ( AAPL) credit-card program from Goldman Sachs ( GS ), according to a media report on Wednesday, a transaction that would further bolster Chase's already envious position in consumer credit.