Taking advantage of a loophole in Dodd-Frank, JPMorgan (JPM) plans to move its least profitable...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

Taking advantage of a loophole in Dodd-Frank, JPMorgan (JPM) plans to move its least profitable checking account customers to new accounts relying prepaid debit cards. New regulations prevent banks from charging high fees to those who overdraw regularly or keep low balances, but place no such limit on prepaid cards. There you have it.