FX168 Financial News (North America) reported that JPMorgan CEO Jamie Dimon clearly stated during his visit to Washington D.C. on Thursday that he supports the restructuring of the financial regulatory agencies that oversee his Banks and Industry.

After a closed-door meeting with government lawmakers and other top bank CEOs regarding whether large lenders are "debanking," he told reporters, "I think it’s time to take a step back and look at all the rules and regulations that have been put in place."

"You must take a step back and look at the whole thing."

The new comments from the heads of America's largest Banks coincide with the Trump administration's attempts to control a large bank regulatory agency, the Consumer Financial Protection Bureau (CFPB), and reports suggest he is reconsidering how to restructure the oversight of other large regulatory bodies for America's largest lenders.

Last weekend, the Trump administration ordered a halt to all effective work of the CFPB and prohibited employees from going to the agency's headquarters in Washington D.C. this week.

Since the CFPB was established, many government officials have opposed it and have often called for it to be shut down, believing that the government has too many unnecessary regulatory agencies.

Meanwhile, according to a report from The Wall Street Journal on Wednesday, the Trump administration is also reportedly discussing plans to consolidate other banking regulatory agencies without Congressional involvement. Discussions include possibly integrating the FDIC into the Treasury Department and merging it with the Office of the Currency Comptroller.

On Thursday, Dimon did not seem too concerned about the fate of the CFPB, which oversees how Banks and Other Finance companies treat American Consumers.

The SEC, OCC, and the Federal Reserve have consumer protection, the question is how to design a system that benefits everyone, which makes sense. This is not just for the CFPB, "Dimon told reporters.

Dimon even handed out a chart titled "The Complexity of the Regulatory System" to reporters on his way to the meeting, which outlined various aspects of oversight by the CFPB and other regulators over JPMorgan's different businesses.

The chart was added for the first time in the letter Dimon sent to shareholders, referred to internally at JPMorgan as the "spaghetti chart."

(Image source: finance.yahoo)

On Thursday, Dimon also reiterated some of his previous points about moving away from banking or whether banks refuse to serve certain customers.

He told reporters, "We do not go banking because of people's religion or political affiliation," but "there are many things that need to be addressed"—especially anti-money laundering rules.

Such rules "are extraordinary, it really causes many people to be pushed out of the system because banks are afraid of being sued, fined, because if something goes wrong later, you can, will, should pay 1 billion dollars."

When asked whether he blamed the issue of Silver on the regulators, he said, "Quite so, yes."

The topic of going for Banking Business was a key topic in the closed-door meeting with Senate Banking Committee Chair Tim Scott, other Republican committee members, and many other top bank CEOs in the USA.

The list of bankers expected to attend includes Bank of America (BAC) CEO Brian Moynihan, Wells Fargo & Co (WFC) CEO Charles Scharf, outgoing US Bancorp (USB) CEO Andrew Cecere, PNC (PNC) CEO William Demchak, Truist (TFC) CEO Bill Rogers, and Capital One (COF) CEO Richard Fairbank.

As the government calls for legislation to better define when banks can refuse service, claims of discrimination by large banks against certain customers are gaining new prominence. Following allegations that digital asset companies have been unfairly denied banking services in recent years, the crypto industry has joined the call for change.

Last month, Trump publicly confronted Bank of America CEO Brian Moynihan at the World Economic Forum in Davos, Switzerland, telling Moynihan at the meeting: "I hope you start opening the banks to conservatives, because many conservatives complain that the banks do not allow them to do business within the banks."

The president also seems to have included Dimon in his hostile lineup.

Trump added, "I don’t know if it’s because of the regulators or if it’s Biden, but you, Dimon, and others, I hope you open your banks to conservatives because what you are doing is wrong."

Last week, both the Senate and the House held hearings on the issue, but no bank executives attended. However, this topic even received support from a prominent Democrat: Elizabeth Warren.

Warren said that Trump encountered a real issue when criticizing the Bank of America for its banking business.