JPMorgan CEO Jamie Dimon Acknowledges Possibility Bank Has Been Gouging Customers on Overdraft Fees: We ‘May be a Day Late and a Dollar Slow’

JPMorgan CEO Jamie Dimon addressed concerns on Wednesday over his bank’s overdraft fees, saying it may have been “a day late and a dollar short” in reforming its policies.

The comments came after he clashed with Sen. Elizabeth Warren (D-MA) over the fees at a May Senate hearing. Dimon refused to tell Warren how much JPMorgan collected in overdraft fees, leading to a contentious back-and-forth in which Warren called him the “star of the overdraft show.”
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