While the Pew Organization is fairly described as the self appointed and self anointed overseer of overdraft services, their most recent report will be read by the regulatory and consumer protection agencies.

52% of overdrafters don't recall opting into coverage, still charged fee in past year
That's because of the 72 other disclosures you had to sign when opening the account.

80% of overdrafters say overdraft practices, fees should be more closely regulated
Yes! More paper! Throw another piece of paper at it! That will make you remember next time that you had opted in!

Bounce 'em, bounce 'em all. The fee's the same either way.

If people can't add and subtract, why does the Pew Organization think they can read????

Another key stat left out of this report is that 100% of "overdrafters" spent more money than was available in their account.

There is no universal requirement that a consumer has to opt into overdraft services. There is the Regulation E opt-in provision, but it covers only ATM and one-time debit card transactions. And there is the FDIC's 11/24/2010 Guidance that says the FDIC expects banks to allow customers to opt OUT of overdraft coverage for checks and other non Reg E transactions. There is the "best practice" to allow an opt-out from promoted overdraft programs in the 2005 interagency guidance.