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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 week 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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[-] henfredemars@infosec.pub 11 points 1 week ago

I’ve met one of these zero-regulation idiots thinking that somehow the average Joe benefits from giving all power to anyone with lots of money who isn’t them.

[-] billiam0202@lemmy.world 4 points 1 week ago* (last edited 1 week ago)

Just ask those dickholes how many times they've had the chance to vote for JP Morgan Chase's or Walmart's or ExxonMobil's CEO.

Then ask them how many opportunities they've had to elect Presidents and Congressmembers.

this post was submitted on 06 Jul 2024
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