Tcherneva weighs in on new memo to investors from JP Morgan Chase CEO on Marketplace

Jamie Dimon, CEO of JPMorgan Chase, put out his annual letter to shareholders this week. Levy President Pavlina R. Tcherneva weighed in on this morning’s Marketplace report with NPR.

“These types of lending institutions are not under the direct supervision often by the Fed,” said Pavlina Tcherneva.

Since they’re not regulated like bank loans, “there are new loan arrangements with delayed payments, with lower credit standards, and they are not immediately obvious to the regulator,” she said.

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