JPMorgan Chase Warns of Potential Fees for Checking Accounts

New federal regulations could lead to charges on previously free services for 86 million customers, according to CEO Marianne Lake.

Proposed caps on overdraft and late fees may impact Chase's revenue, prompting possible fees for checking accounts.
CEO Marianne Lake claims the changes will significantly affect those who can least afford it and may limit access to credit.
Other major banks are expected to follow Chase's lead if the regulations are enacted.
Consumer advocates argue that banks are using regulations as an excuse to maximize profits.
Past threats of similar charges were not implemented due to consumer backlash and competition.