Dimon called Trump's credit card cap plan 'disaster', hours before Trump's ₹45,800-cr lawsuit

JPMorgan CEO Jamie Dimon called Donald Trump's proposal to cap credit card interest rates a "disaster", hours before Trump slapped a $5-billion (₹45,800 crore) lawsuit on him and JPMorgan. "It'd remove credit from 80% Americans," he said. Vermont and Massachusetts should get the cap, Dimon joked, referring to the states' Senators Bernie Sanders and Elizabeth Warren, who proposed the cap.