restrictions

As JPMorgan Chase anticipates a lot of customers will get cut off as a result as company’s credit card income may fall by up to $750 million because of recent regulations.

The law bans moves such as changing interest rates on existing balances, and charging over-the-limit fees without customer permission.

 In the past week, some of the nation's largest banks unveiled their plans to change the way they assess overdraft fees, in response to Federal Deposit Insurance Corp’s chief’s appeal for tight restrictions on fees charged for overdrawn checking accounts.