"Price fixing at its worst," JPMorgan Chase (JPM) CEO Jamie Dimon says of debit-card interchange...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

"Price fixing at its worst," JPMorgan Chase (JPM) CEO Jamie Dimon says of debit-card interchange fee limits set for later this year. The "middle of the night" change - which could slash the $12B/year in fees that banks get by 84% - "penalizes us for having debit cards." A delay campaign may be bearing fruit as the Fed is behind schedule on the caps.