Sen. Elizabeth Warren went after JPMorgan Chase CEO Jamie Dimon at a Senate hearing Wednesday, nicknaming him the 'star of the overdraft show' after the bank took $1.46 billion in fees during the coronavirus pandemic. 'So, Mr. Dimon, how much did JPMorgan collect in overdraft fees from their consumers in 2020?' She then asked Dimon if JPMorgan 'would have been in financial trouble' if the bank had stopped charging fees. Dimon said the bank did refund fees if customers came forward and said they were 'under stress because of COVID.' Warren said during the hearing that the overall amount of overdraft fees charged by the banks in 2020 was $4 billion.

Source: Daily Mail May 26, 2021 21:45 UTC