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May 28, 2021

Elizabeth Warren Grills Bank CEOs for Preying on Customers During Pandemic
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Top executives of the largest U.S. banks appeared on Capitol Hill for a
second straight day Thursday, where some lawmakers accused them of
pandemic profiteering. On Wednesday, Massachusetts Democratic Senator
Elizabeth Warren grilled the CEOs of Bank of America, Citibank, JPMorgan
Chase and Wells Fargo for charging customers a collective $4 billion in
overdraft fees during the COVID crisis.

Sen. Elizabeth Warren: "While you automatically, and at no cost, got
complete protection from overdraft fees at the Federal Reserve, could
you please raise your hand if you gave the same automatic protection to
your customers and automatically waived all of their overdraft fees? OK,
I'm not seeing anyone raise a hand, and that's because none of you gave
the same help to your customers that the bank regulators extended to
you."



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