By this time, most people are getting enough change notices from banks and credit card companies to make their head spin. And now comes the news that new regulations on bank overdraft fees are in the works.
To lessen the confusion, the Federal Reserve has a good overview of the overdraft regulations, in simple everyday language, that you can read here.
Remember, no matter what the bank might tell you, overdrafted accounts are dischargable in Chapter 7 bankruptcy cases.