More than 1,600 public comments have been received by the Federal Reserves on its proposed overdraft protection rules. From the story:
Some frequent complaints on the Fed’s site are about unexpected overdraft fees, exorbitant overdraft fee rates and the reordering of debits to increase fees. Thomas Madrid, Tucson, Ariz., commented on the Fed’s Web site that he has been “raked over the coals” the few times that he has overdrafted.
The comment period ends March 30.




