As the Trump administration rolls back financial regulation designed to protect American consumers, a group of Democratic senators led by Elizabeth Warren (D-Mass.) is demanding answers from major banks, including JPMorgan and Wells Fargo, on the potential impact.
In a letter sent to 25 banks on Tuesday, Warren, alongside Sen. Richard Blumenthal (D-Conn.) and Sen. Bernie Sanders (D-Vt.), requested information on overdraft fees, or charges imposed by banks when consumers spend more money than they have in their accounts.
