Jamie Dimon slams US regulators: 'It's time to fight back' [Yahoo! Finance Canada]
First Citizens BancShares, Inc. - Class A (FCNCA)
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Source: Yahoo! Finance Canada
The boss of the biggest boss in the US called a raft of regulatory proposals from his overseers as "an onslaught," criticized Consumer Financial Protection Bureau (CFPB) director Rohit Chopra and made it clear the industry is willing to push back on new rules in court. "It's time to fight back," Dimon said while speaking at an American Bankers Association convention in New York City. "I've had it with this sh*t." "We don't want to get involved in litigation just to make a point," he added, "but I think if you're in a knife fight you better damn well bring a knife." Last week the Bank Policy Institute, a bank lobbying group, and the Kentucky Bankers Association sued the CFPB over a new open banking rule that would make it easier for consumers to transfer their personal data between financial services providers. Dimon added his support for this challenge Monday, saying "no one is against open banking, but I'm against screen scraping," referring to the sharing of data with third
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FCNCA
Earnings
- 10/24/24 - Miss
FCNCA
Sec Filings
- 10/24/24 - Form 8-K
- 10/22/24 - Form SC
- 10/22/24 - Form SC
- FCNCA's page on the SEC website