In a letter to JPMorgan Chase CEO Jamie Dimon sent Thursday, Democratic lawmakers are calling on the bank to rethink imposing new fees on its 80 million retail customers, including potentially hiking checking account fees on tens of millions of them.
Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) expressed concerns over recent comments by Marianne Lake, Chase's CEO of consumer and community banking, who said the bank would consider increasing checking account fees to make up for the lost revenue related to a proposed cap on overdraft fees.
