JPMorgan (JPM) CEO Dimon on credit card cap says it will be an economic disaster and it will remove credit from 80% of Americans, but JPM "would survive it"; US economy is "in pretty good shape"

JPMorgan (JPM) CEO Dimon on credit card cap says it will be an economic disaster and it will remove credit from 80% of Americans, but JPM "would survive it"; US economy is "in pretty good shape"

Dimon's commentary on a proposed credit card cap raises significant concerns about the potential impact on consumer credit availability, which could disproportionately affect a large segment of the U.S. population. His assertion that the U.S. economy is still "in pretty good shape" suggests a level of confidence in fundamental economic resilience, despite the alarm over regulatory changes. This juxtaposition might have implications for how investors view the banks' stability and their credit exposure.