Banks Losing Power

Today's business section had an interesting article on the new laws concerning overdraft fees and the extent of the banks power in such situations.
The article states that last year alone the banks made a profit of almost $40 billion dollars from overdraft fees. More than half of which was from debit card purchases and A.T.M withdrawals. Because debit cards have become the majority's main method of payment this source of profit is huge for the banks.
However, new laws are limiting such power and profit and now banks must have their customers choose the overdraft option in order to keep the fee income high. Banks have since taken it upon themselves to send threatening letters to customers, making it appear that they will lose major privileges if they don't choose the overdraft payment option.
Honestly I think it is time the banks face the facts: they need to adapt with the times. They should be partnering up with their customers not taking away from their lives even more. These aggressive emails and letters only expose the disgusting, animal-like money and power hungry executive pigs for what they are.