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JPMorgan Chase warns 86 million customers they might have to start paying for their bank accounts (finance.yahoo.com)

submitted 1 month ago by [email protected] to c/[email protected]

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The potential charges, says Marianne Lake, CEO of consumer and community banking at JPMorgan, are a result of new regulatory rules that cap overdraft and late fees. Lake says Chase will be passing along those increased expenses to customers, which would put an end to now-free services such as checking accounts and wealth management tools. And she says she expects other banks will follow suit.

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[–] [email protected] 31 points 1 month ago

All CEO’s have that smug look in photos, really shows off the sociopathic need to make things worse inside them. Like an abusive spouse, we made them do it!