Federal Reserve issues new rules restricting overdraft fees on debit cards

Next summer there is going to be new rules on banks charging over draft fee. Recently a lot of attention has been placed on companies charging to much. Change needs to come.

The exact terms have not been released but there is going to be a limit to the amount of times a bank can charge a customer per month. Now most banks do not notify their customers if they are overdrawn.

Banks make huge money off of people obviously already in financial trouble. I know I have been hit with bank fees in excess of $100 in one shot. Even if its a bank error its the hassel of chasing your own money and trying to explain to people why your checks are no good.

I am intersted to see the final rules the banks will have to follow