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JPMorgan Back in Warren’s Crosshairs for Overdraft Fees

Senator Elizabeth Warren

Senator Elizabeth Warren

Photographer: Al Drago/Bloomberg
Updated on

Democratic Senator Elizabeth Warren called on JPMorgan Chase & Co. and other banks to follow Capital One Financial Corp., which on Wednesday became the largest bank to eliminate overdraft fees. 

The charge -- levied when customers spend more than they have in their checking accounts and the bank temporarily covers the difference -- has been criticized by lawmakers and regulators.