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JPMorgan Chase warns 86 million customers they might have to start paying for their bank accounts (finance.yahoo.com)
submitted 4 months ago by HailSeitan@lemmy.world to c/enshittification@lemmy.world
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cross-posted from: https://lemmy.world/post/17274141

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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[-] Serinus@lemmy.world 21 points 4 months ago

Go for it. There are plenty of other banks.

[-] bobburger@fedia.io 24 points 4 months ago

And credit unions.

this post was submitted on 06 Jul 2024
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