JPMorgan warns customers they may have to pay for checking accounts New York Post

Image for article JPMorgan warns customers they may have to pay for checking accounts New York Post
News Source : New York Post

News Summary

  • Marianne Lake, CEO of consumer and community banking at JPMorgan Chase, pinned blame for potentially the added burden on Washington regulators
  • The Consumer Financial Protection Bureau passed the new caps in March, but it is being appealed by a coalition of bank industry groups
  • Big banks will generally be able to manage the dent in profits, more so than smaller banks
A top JPMorgan Chase executive warned the banks 86 million customers that their currently free checking accounts may soon carry a fee, according to a report.Marianne Lake, CEO of consumer and commu [+3045 chars]

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