Protect us from Overdraft Protection, 2

Overdraft protection bill currently in House. H.R. 946.

As an aside, and potential additional research, isn't forcing a mandatory fee on a customer in return for "protection" basically racketeering? It's an involuntary loan at absurd cost. Are these banks really that different from the mafia?

From Wikipedia
Several forms of racket exist. The best-known is the protection racket, in which criminals demand money from businesses in exchange for the service of "protection" against crimes that the racketeers themselves instigate if unpaid.

Overdraft, is a charge to protect me from a charge, no?

See also, Securities Fraud
Securities fraud is a practice in which investors make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws.
Overdraft fees occur most commonly in ATM and debit transactions to purchase items that are frequently less expensive than the protection fee itself. Tell me how many people would voluntarily pay $36 for the morning coffee? When the terminal says to them "you are charging $1.00 for this transaction. Is this correct?" The ATM and the website say they have the money to cover it, then days later, they get hit with a $35 charge.

Bold faced crime.

(If I disappear, look to Bank of America first).

-John Smith