JPMorgan Chase chief executive Jamie Dimon hit out again at a variety of proposed new US bank regulations, telling lawmakers that the rules risked hurting low-income customers and would add more risks to the financial system.
The comments from Dimon, made in written testimony released on Tuesday, set the stage for his appearance in front of the US Senate banking committee on Wednesday alongside the CEOs of other large American banks.
Dimon pointed to a proposal by the Federal Reserve to limit debit card interchange fees, which he said would render certain accounts that were popular with lower-income customers less economically viable for banks, as debit fees generate a large share of the revenues from such accounts.
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