Jamie Dimon Must Lower Credit Card Interest Rates, Navarro Says

The White House sought to ramp up pressure on JPMorgan Chase & Co.’s Jamie Dimon to cap credit card interest rates, a demand of President Donald Trump amid his push to address affordability.

“James Dimon, lower your friggin’ credit card interest rates. You are a criminal the way you charge the American people at 22, 25 and 30% and the president wants you to lower that,” White House trade adviser Peter Navarro said Thursday in a Bloomberg Radio interview. “Jamie, until you do that, please refrain from commenting on other public policies.”