Hate over draft fees? Good news ahead. Hotly full money starts now. Welcome to Motley Full Money. I'm Deja Willard here with Motley Full Analyze, Matt

Frankle.

Matt, how's it going today?

Pretty good. It's been a while since I've done one of these with you. I'm happy to be here.

Well I always like to tap you if we're going to talk about banking and financials because you're one of the people who studies that.

You get it in a way that I don't think I quite do.

And we're going to talk about some some regional bank earnings but before we do I

want to talk about something the Consumer Financial Protection Bureau announced

yesterday that I'm trying to make sense of that is around overdraft protection so

it sounds like what they're going after

is those large overdraft fees that nobody likes.

They say they can save people about 3.5 billion.

So what is this and how much of an impact

is it going to have on banks?

Well, I mean, first of all, yes, I'm a bank investor,

but I'm also a human being first,

so I think this is a good thing.

Yes, banks make money off these and this will help people, but you got to realize that the

average person who takes an overdraft are like the bank's most vulnerable customers and the banks are literally taking money from people who don't have any

money and it's it's something that's needed to be fixed for a while now but just

looking through the numbers this will have an impact on banks for sure. Banks make

about $9 billion a year on overdraft fees and of course the banks are pushing back on

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