of CEO of JPMorgan Chaselargest bank in the US with 3.4 trillion dollars in assets, is taking a firm stand against federal regulations.

CEO of JPMorgan Chase Jamie Dimon spoke in American Bankers Association The convention in New York City on Monday railed against “overlapping” federal rules on card payments, open banking and other areas, saying “it's time to fight back.”

“We're suing our regulators over and over again because things are getting unfair and unfair, and they're hurting companies, a lot of these regulations are hurting lower-wage individuals,” Dimon said. for Reuters.

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JPMorgan threatened with a lawsuit The US Consumer Financial Protection Bureau (CFPB) in August on consumer protections around Zelle payments. The CFPB was looking into JPMorgan and other banks like Wells Fargo to see how they responded to Zella's tricks.

Bank Policy Institute and Kentucky Bankers Association sued the CFPB last weekstating that the CFPB exceeded its authority by a the last rule of open banking that allows customers to share their spending and savings histories between financial institutions.

^{Jamie Dimon. Photo by Kevin Dietsch/Getty Images}

This is not the first time Dimon has called for banking regulations. In his annual letter to shareholdersPublished in April and running 60 pages, Dimon included a section titled “Giving a serious overhaul to the bank regulatory and supervisory process.”

“Unfortunately, some recent regulations are ending up in court,” he wrote. “You can imagine that nobody wants to sue their regulators. Banks wouldn't sue unless they thought they had a right – or if they thought they had some other recourse – which they don't.”

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Dimon wrote in his shareholder letter that “both regulators and banks should want the same thing – a healthy banking system, serving its customers and striving for continuous improvement” and called for cooperation and a constructive relationship between regulators and banks to create a healthy system.

Damon was worth it 2.4 billion dollars at the time of writing.