New York AG calls on JPMorgan, Bank of America, others to eliminate overdraft fees

2022.04.06 22:01

FILE PHOTO: New York Attorney General Letitia James delivers remarks at the New York Democratic party 2022 State Nominating Convention in Manhattan, New York City, U.S., February 17, 2022. REUTERS/Mike Segar

NEW YORK (Reuters) – New York Attorney General Letitia James called on some of the biggest U.S. banks on Wednesday – JPMorgan Chase & Co (NYSE:JPM), Bank of America (NYSE:BAC), US Bancorp (NYSE:USB), and Wells Fargo (NYSE:WFC) & Co – to eliminate all overdraft fees in consumer accounts.

James said she called on the banks to “do the right thing and remove overdraft fees,” which hurt low-income New Yorkers, according to a statement from her office.

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