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U.S. President Donald Trump said on Wednesday he has had calls from credit-card companies, ​saying those firms should "give people a break," as the Republican ‌leader doubled ‌down on a proposal to cap credit-card interest rates.

JPMorgan CEO Jamie Dimon warns that President Donald Trump's proposed 10% credit card rate cap would be an "economic disaster" for the U.S.

As contrarians, we love it when a solid dividend grower drops on headline-driven fear.

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Jamie Dimon said Trump's proposed cap on credit card interest rates could hurt 80% of Americans. Speaking at Davos, Dimon predicted that everyday Americans would hurt more than big banks.

President Donald Trump urged Congress to pass a law limiting credit card interest rates to 10%. It followed a social media post where he urged banks to set that cap.

“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 Chase CEO Jamie Dimon called President Donald Trump's proposed 10% cap on credit card interest rates an "economic disaster." He suggested the U.S. government should test the cap in two states: Vermont and Massachusetts.