JPMorgan Chase
Chase executive Marianne Lake said if federal regulations pass, lost revenue will be handed off to consumers.
  • Chase Bank's boss warned that new federal fee caps could make everyday banking more expensive.
  • Marianne Lake said the bank is planning to pass the pain of their lost profits on to customers.
  • Some new costs may be placed on now-free services like checking accounts and financial tools.

Everyday banking might be about to get more expensive for consumers.

Marianne Lake, the CEO of consumer and community banking at Chase Bank, said federal regulations to cap overdraft and late fees would take a bite out of the company's bottom line.