Warren, Van Hollen Slam JPMorgan Chase for Threatening Customers with "Outrageous" New Checking Fees
August 09, 2024
August 09, 2024
WASHINGTON, Aug. 9 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) wrote to JPMorgan Chase (JPM), criticizing the bank's threat to begin charging over 80 million customers for checking accounts amid record profits, and demanded the bank scrap those plans.
JPM's threat came in response to the Consumer Financial Protection Bureau's (CFPB's) rule to cap overdraft fees and prevent . . .
Senators Elizabeth Warren (D-Mass.) and Chris Van Hollen (D-Md.) wrote to JPMorgan Chase (JPM), criticizing the bank's threat to begin charging over 80 million customers for checking accounts amid record profits, and demanded the bank scrap those plans.
JPM's threat came in response to the Consumer Financial Protection Bureau's (CFPB's) rule to cap overdraft fees and prevent . . .