You’d think they’d eaten bad sushi. On February 19, the Fed proposed last-minute changes to rules that limit overdraft charges on transactions at ATMs and one-time debit card transactions. It threatened to ban all overdraft fees by July 1 unless financial institutions have the changes in place by that time. The changes involve rules under Regulation E and Regulation DD that limit overdraft charges unless customers opt in to fee arrangements. The Fed said financial institutions will have to implement the proposed revisions to Regulation E by the existing July 1 compliance deadline, or face a prohibition on all overdraft fees. The prohibition would apply not only to ATM and one-time debit transactions covered by the proposed Reg E/DD changes, but also to other instruments such as bounced checks that are not covered by those regs.