One of America's biggest banks issues stark warning about looming checking account charges
One of America's biggest banks has issued a stark warning about looming charges on checking accounts. The CEO of consumer and community banking at JPMorgan Chase has revealed it is planning to pass on the costs of higher regulation to its customers. Marianne Lake warned that rules to cap overdraft and late fees from the Consumer Financial Protection Bureau will make regular banking significantly more expensive for Americans. She said Chase would have to charge its 86 million customers for now-free services like checking accounts if the rules become law.
More >> https://ift.tt/rImXFL6 Full Article on Source: MAG NEWS
#us #uk #world #fashion #showbiz #celebrity #lifestyle #top #news
