How JPM is Pushing Back Against Regulatory Pressures
JPMorgan's CEO Jamie Dimon suggested last week that regulatory pressure banks face to serve minority and low-income borrowers, combined with the stiff penalties they must pay if pools of such loans go bad, has JPM reconsidering its participation in FHA business. While it may just be a threat, the comment is seen as an effort to push regulators to address bankers' frustration. [7/21/14]


