"JPMorgan Chase CEO Jamie Dimon, who is critical of a key provision in the financial reform law, has been taken to task by a U.S. senator in a scathing letter.
On the eve of JPMorgan's (JPM, Fortune 500) announcement of strong first-quarter profit, Sen. Richard Durbin, an Illinois Democrat, chastized the bank for warning its customers they may have to pay more in fees to use their debit cards.
"There is no need for you to threaten your customers with higher fees when you and your bank are already making money hand-over-fist," Durbin wrote to Dimon. "And there is no need to make such threats in response to reform that simply tries to spare consumers from bearing the cost of interchange fees that are anticompetitive and unreasonably high."..........read it here
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