On May 26, Jamie Dimon sat virtually across from Elizabeth Warren in what would become one of the highest-profile and most contentious congressional spats of the year. Dimon, along with executives from top banks, was appearing before the Senate Banking Committee, where the conversation between him and Sen. Warren quickly turned into an acrimonious back-and-forth over the industry-leading $1.5 billion in overdraft fees JPMorgan Chase charged during 2020, first reported by the Prospect. The exchange soon went viral.
“You’re the star of the overdraft show,” Warren told Dimon. “Your bank, JPMorgan, collects more than seven times as much money in overdraft fees per account than your competitors.”
Dimon shot back. “At any request when someone said they needed COVID relief, they got $120 million of COVID relief on request,” he claimed.
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