JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’

Al JazeeraCenterEN 4 min read 100% complete by Andy HirschfeldJanuary 21, 2026 at 11:26 PM

AI Summary

long article 4 min

JPMorgan Chase CEO Jamie Dimon criticized President Trump's proposal to cap credit card interest rates at 10%, calling it an "economic disaster" at the World Economic Forum in Davos, Switzerland on Wednesday. Dimon argued the cap would restrict credit access for 80% of Americans. The Electronic Payments Coalition claims the cap could lead to credit card closures or restrictions for those with credit scores below 740. Trump, however, argues the cap would save borrowers $100 billion annually and help with saving for down payments. Surprisingly, Senator Elizabeth Warren has expressed interest in working with Trump on the proposal, echoing a similar bill authored by Senator Bernie Sanders.

Key Entities & Roles

Key Player Opposition Context

Vanderbilt University 30% Switzerland 40% Bernie Sanders 40% The Electronic Payments Coalition 50% World Economic Forum 50% Davos ×250% Congress ×260% Elizabeth Warren ×260% United States 70% JPMorgan Chase ×280% Donald Trump ×690% Jamie Dimon ×390%

Keywords

credit card interest rate caps 100% donald trump 80% economic disaster 70% jamie dimon 70% credit access 60% jpmorgan chase 60% consumer credit 50% banking industry 40% elizabeth warren 40%

Sentiment Analysis

Negative

Score: -0.20

Source Transparency

Source

Al Jazeera

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

United States

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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credit card interest rate caps donald trump economic disaster jamie dimon credit access jpmorgan chase consumer credit banking industry elizabeth warren

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