JPMorgan Waives Some Fees for Customers Affected by Hurricane

JPMorgan Chase & Co. (JPM), the biggest U.S. bank by assets, said it is waiving fees for customers in seven states and Washington as Hurricane Sandy approaches.

Late fees on credit cards, business and consumer loans, including mortgages, and auto and student loans will be waived, the New York-based bank said today in an e-mailed statement. The policy applies through Oct. 31 for clients in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia and the District of Columbia, the company said.

To contact the reporter on this story: Dawn Kopecki in New York at dkopecki@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net