Hi there,

There has never been a more urgent time for courageous, daily, independent news. Democracy Now!’s independent reporting is more important than ever, when only a galvanized, engaged public, supported by resilient, pro-democracy grassroots movements, can prevent authoritarianism from triumphing. Thanks to a group of generous donors, all donations made today will be TRIPLED, which means your $15 gift is worth $45. With your contribution, we can continue to go to where the silence is, to bring you the voices of the silenced majority – those calling for peace in a time of war, demanding action on the climate catastrophe and advocating for racial and economic justice. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Elizabeth Warren Grills Bank CEOs for Preying on Customers During Pandemic

HeadlineMay 28, 2021

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.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top