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US Consumer Agency Said Reviewing Overdraft Fees At 9 Banks -Bloomberg

DOW JONES NEWSWIRES The Consumer Financial Protection Bureau is reviewing how financial institutions attract consumers to enroll in overdraft protection programs, and is looking at those practices at nine banks, Bloomberg news reported Friday on its website, citing four people briefed on the examination. Larger banks being reviewed include J.P. Morgan Chase & Co. (JPM), Wells Fargo & Co. (WFC) and Bank of America Corp. (BAC). Regional banks include U.S. Bancorp (USB), Regions Financial Corp. (RF) and PNC Financial Services Group Inc. (PNC). Bloomberg said that its sources did not identify the remaining banks. The agency also is looking into the size of the overdraft fees, two people told Bloomberg. Spokesmen for J.P. Morgan, Bank of America, Wells Fargo, PNC, Regions and U.S. Bancorp declined comment to Bloomberg. Full story at: www.bloomberg.com/news/2012-04-20/nine-u-s-banks-said-to-be-examined-on-overdraft-fees.html -Dow Jones Newswires; 212-416-2900

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
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07/25/201415:05:12Former Bear Stearns Chief Alan 'Ace' Greenberg Dies -- Update
07/25/201414:00:08Former Bear Stearns Chief Greenberg Dies
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07/22/201413:13:16Credit Suisse to Exit Commodities Trading
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07/17/201421:50:39J.P. Morgan Awards CEO With Stock Options
07/17/201421:07:42J.P. Morgan Gave CEO Dimon Stock Options Valued at About $36...
07/17/201417:30:19J.P. Morgan Gives CEO Dimon Stock Option of 2 Million Shares
07/17/201404:43:08South Korea Sells Shares in Industrial Bank of Korea

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