WASHINGTON - A group of House Democrats from New York this week called on JPMorgan Chase to return overdraft fees collected during the COVID-19 pandemic and to stop charging them altogether in the future."During the pandemic, the largest banks in the United States charged billions of dollars in overdraft fees at a time when millions of Americans were struggling financially," the lawmakers wrote in a letter dated June 16.
It was signed by Reps. Carolyn B. Maloney, Kathleen Rice, Gregory Meeks and Tom Suozzi.The letter states that JPMorgan Chase collected nearly $1.5 billion in overdraft fees in 2020, which was "more than any other bank." It cites reporting based on FDIC filings. "The overwhelming majority of overdraft fees are paid by.