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U.S. Senate Committee on Banking, Housing, and Urban Affairs
01/21/2026 | Press release | Distributed by Public on 01/21/2026 16:49
Statement from Senator Warren on Big Bank CEOs Fighting to Keep Credit Card Interest Rates Sky-High from a Ski Resort in Switzerland
January 21, 2026
Previous ArticleStatement from Senator Warren on Big Bank CEOs Fighting to Keep Credit Card Interest Rates Sky-High from a Ski Resort in Switzerland
Washington, DC - Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of Senate Committee on Banking, Housing, and Urban Affairs, released the following statement on Jamie Dimon and big bank CEOs telling working Americans they don't deserve lower credit card interest rates:
"It's January 21, and unsurprisingly, there is no self-imposed interest rate cap on credit cards by the big banks. But Jamie Dimon and the world's richest people did fly their private jets to a ski resort in Switzerland to complain about how bipartisan action to cap credit card interest rates would destroy life as we know it. Forgive me if I don't believe that a banker who made $770 million last year has the best interest of working people at heart. It's time to pass a law and get this done."
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