(The Epoch Times)—JPMorgan Chase CEO Jamie Dimon said Friday that U.S. bankers are thrilled by the prospect of deregulation under a second Trump administration, which he believes could revitalize America’s banking industry after years of stifling regulations that have curtailed credit activity.
Speaking at the APEC CEO Summit in Lima, Peru, on Nov. 14, Dimon criticized the regulatory environment for hindering lending, highlighting stringent capital requirements introduced after the financial crisis of 2008–09 that have forced banks to reduce their loan-to-deposit ratios.
“A lot of bankers, they’re, like, dancing in the street because they’ve had successive years and years of regulations, a lot of which stymied credit,” the JPMorgan chief said, according to a Bloomberg video of his remarks at the summit. “You could have kept the banks equally safe but had them do more credit.”
He noted that banks now lend only $65 for every $100 in deposits, compared to $100 previously, which he said stifles economic growth.
Dimon suggested that these regulations, while well-intentioned, have become a headwind for the economy.
“And if that’s what you want, if for some reason the regulators think they’re geniuses and that’s the best way to run the banking system, so be it,” Dimon said, adding that he believes it is possible to maintain financial stability without hindering lending.
Deregulation, he said, could benefit industries beyond banking. Dimon pointed to the slow permitting process for rare-earth mining in the United States as another example of regulatory inefficiency hampering economic growth.
“Ten years—they haven’t got their permits yet,” he said of companies seeking to extract critical minerals crucial for technology and defense industries. “It’s a shame. And we’re doing this to ourselves, and it’s a mistake.”
Dimon also praised President-elect Donald Trump’s proposal for a new Department of Government Efficiency (DOGE), which aims to streamline bureaucracy.
“You could talk to any industry and they’ll give you examples of regulation that could be reduced to make it easier for them to do business while keeping the country safe,” he said.
When asked about the market’s strong reaction to Trump’s election victory, Dimon said it reflects optimism for a “pro-growth shock” as businesses prepare to make aggressive capital investments.
“You’ve already seen the markets have responded quite well,” he noted. “And I think America needs a growth strategy, so I literally applaud that,” he said.
Dimon emphasized that the agenda should go beyond slashing red tape to include broader reforms like improving the efficiency of the permitting process. “Collaboration between government and business is the way to have growth,” he said.
While the Trump administration appears poised to pursue a deregulatory agenda, the administration of President Joe Biden has emphasized consumer protections and systemic risk management.
Under the Biden administration, for example, the Consumer Financial Protection Bureau (CFPB) has seen a significant restoration of its authority, reversing the more hands-off approach taken during Trump’s first term. Since 2021, the CFPB has ramped up its oversight, launching investigations and enforcement actions against financial institutions accused of engaging in predatory lending, discriminatory practices, or misleading marketing. It has also cracked down on banks for practices such as “junk fees,” unauthorized account openings, and withholding of credit card rewards.
Also, during Biden’s term, U.S. banking regulators have focused more heavily on addressing systemic risks in the financial system, with a particular emphasis on implementing the final phase of Basel III reforms, often referred to as the “Basel III endgame.”
These reforms, developed in the wake of the 2008 financial crisis, aim to bolster the resilience of the banking sector by increasing capital requirements, enhancing risk-weighting measures, and introducing stricter leverage ratios.
Critics, including Dimon, have said that the stricter rules would not have prevented past bank failures and could have a negative impact on the economy.
Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
