It looks like Congress made substantial progress towards passing the Financial Reform Bill today, but I really know very little about what is actually in it, and what I do know seems very complex.
For anyone on the site who is in-the-know about the finance industry or this legislation, I'd like to know this.
What direct effects should the average American expect if this passes. I'm not so much interested in the macro effects like deficit reduction/increase, rules on bank mergers, etc., but rather what will change for me as an individual, if anything. For example, the last time around banks had to get an opt-in from me to continue overdraft protection.