Chase wrongly charged 170,000 customers overdraft fees — but Trump regulators refused to penalize them rawstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rawstory.com Daily Mail and Mail on Sunday newspapers.
The JPMorgan Chase & Co. world headquarters in New York City. (Johannes EISELE/AFP via Getty Images)
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This story was co-published with The Capitol Forum.
Federal bank examiners considered levying fines and sanctions when JPMorgan Chase informed them last year that faulty overdraft charges caused by a software glitch had impacted roughly 170,000 customers.
But the bank urged the Office of the Comptroller of the Currency, or OCC, its chief regulator, to take less severe action, according to two people directly involved in the probe and internal documents reviewed by ProPublica and The Capitol Forum.