JPMorgan Chase CEO Jamie Dimon criticized Rohit Chopra, who served as third director of the Consumer Financial Protection Bureau (CFPB). During a recent town hall, while acknowledging that some consumer protection rules are beneficial, Dimon argued that the CFPB is redundant, as similar oversight is already provided by other agencies.
According to a Business Insider report, Dimon was especially critical of Chopra, calling him “an arrogant, out-of-touch son of a b***h” and accusing him of making things worse for Americans. Dimon stated “They massively overstepped their authority. I think this guy — Chopra or whatever his name is — was just an arrogant, out-of-touch son of a b***h who just made things worse for a lot of Americans.”
“So if they get rid of it or not makes no difference to me. It should exist, but it should be inside the OCC like it used to be, when it comes to banks,” said Dimon.
He further stated “The only thing good I’ll say about the CFPB is there are consumer protective rules that are good. They should be put in place to protect consumers”.

Jamie Dimon defends 5-day work from office

Dimon recently dismissed employee complaints about the bank’s five-day return-to-office policy during a town hall meeting. According to a Reuters report, some workers had expressed frustration on internal forums and even started a petition asking Dimon to reconsider the decision. When asked about the policy during the town hall, Dimon responded firmly, saying, “Don’t waste time on it. I don’t care how many people sign that f***ing petition”.
Dimon told employees that if they didn’t like the policy, they were free to leave, emphasizing that it’s a “free country.” He also urged workers to focus on improving efficiency rather than complaining. “The CEO told them not to be mad at him, and said it was a free country,” the report stated.
The company recently ended its hybrid work, calling more workers back to the office as COVID restrictions ease. Some workers even considered forming a union, with nearly 1,000 signing the petition against the five-day office requirement.