Limit Overdraft fees that financial institutions can charge

As banks charge outrageous overdraft fees that add up to as much as 3600% APY, we petition the Obama Administration to consider the welfare of we the people as well as the welfare of our people's military servicemembers and to restrict banks to charging no more than 1% of any transaction's value as overdraft or non-sufficient fund fees. Such an increase in regulation will permit we the people to keep more of our money and will significantly work to protect consumers against such lending practices as denying personal loans in order to make more money from overdraft fees than they would on a loan. Such a limitation on interest would actually penalize such financial institutions for choosing the route of permitting overdrafts while denying loans.