JPMorgan Chase, under the leadership of Marianne Lake, is warning customers of potential charges for services like checking accounts due to new regulations capping overdraft and late fees. The bank plans to shift the increased costs to its 86 million customers, affecting free services. These regulatory changes, proposed by the Consumer Financial Protection Bureau, aim to alleviate financial burdens on lower-income individuals but could lead to significant impacts on banking services and access to credit. Despite industry predictions of other banks following suit, critics like Dennis Kelleher argue that banks prioritizing profits over customer welfare. The outcome of these regulations may hinge on the November election, with the possibility of reversal if former President Donald Trump is reelected, as banking groups have initiated legal challenges against the new rules.