Overdraft fees

One of the best things to come out of the financial crisis is strong consumer protections from financial institutions. The Federal Reserve just made one of the most important rule changes yet.Starting July 1st if you over-spend with a debit card the transaction will be turned down instead of charging you $20-$40 in fees like they currently do. Those few consumers that prefer the current system can opt out, but I for one don't want a $40 dollar fee if I overspend by even a penny.