Stressed about the legislative assault on overdraft fees? Most bankers probably are. At 44.5% of all banks and credit unions, overdraft income exceeds net income, Nicholas J. Ketcha Jr., an executive managing director at the consulting firm FinPro, told bankers at his company's annual conference.

BOSTON — Aside from the nose-bleed bonuses from the likes of Goldman Sachs, most of the banking industry should expect a long, slow return to anything like normal times.

Who knew that killing bankers could be so hard on the hands? Between throwing them into the air, blowing them up, shooting them down and shaking them so hard their clothes fall off, it’s easy for your fingers to get a little cramped now and again. Especially when you kill so many.

Matthew Miller, the man who lost more than $1,400 to Chase in a puzzling series of overdraft fees last month has written to BankThink with an update, which we wanted to share with our readers.

Check out this post on the financial blog Naked Capitalism describing an off-the-record meeting the Treasury Department arranged between senior officials and financial bloggers. The Treasury has, along with other heavily scrutinized agencies within the Obama administration, gotten into the habit of trying to make nice with journalists by inviting small groups for a chat on the condition that they do not quote individual officials. Other financial regulatory agencies have held meetings that are so far off the record they aren’t even allowed to be mentioned. The benefit of these events remains unclear. Naked Capitalism blogger Yves Smith makes a point about their futility:

Over at the Huffington Post today, reporter Arthur Delaney walked readers through the case of a former Washington Mutual customer whose account converted to Chase Bank when JPMorgan Chase & Co. bought the failed thrift late last year. The customer, Matthew Miller, recently discovered he’d been charged a total of $1,446 in overdraft fees during the course of a month.

Tucked into stories of Friday’s failure of the nine subsidiaries of FBOP is evidence of a clash of government agencies that seems at first to have had a very unfortunate outcome.

Most of the action this week will be in the House Financial Services Committee, where Chairman Barney Frank, D-Mass., will continue marking up new financial regulatory legislation. The Senate Banking Committee has exactly zero banking-related events scheduled, and the Treasury Department is off the hook for reg reform deadlines for the moment.

Six months ago, Glass-Steagall, the Depression-era law that dictated strict separation between commercial and investment banks, was out of fashion, with only commentators on the far left advocating for its revival. But how quickly tides of favor can turn: Now it’s becoming mainstream.

They say true compromise is achieved when nobody’s happy. In the case of financial regulatory reform, that doesn’t mean that nobody’s laughing.

There’s a detail in the Seattle Times’ exhaustive series on Washington Mutual’s mortgage lending practices that’s too darkly funny to go unnoticed. The four stories focus on the Seattle thrift’s journey down the dark path of low-documentation lending and risky products, such as adjustable-rate mortgages. At one point, WaMu even made a low-doc loan to O.J. Simpson. Yes, that O.J. Simpson.

Like the fall weather and the Philadelphia Phillies, regulatory restructuring isn’t going away anytime soon. The House Financial Services Committee is entering its third week of markups for new financial legislation and the Treasury Department is due to release a bill on new segments of the reform effort. Also watch for guidance from regulators on how banks can modify commercial real estate loans.

It’s pretty powerful: The former chairman of Citigroup begins his letter to the editor of the New York Times by pointing out that he “has experienced both the pre- and post-Glass-Steagall world.” Then he comes out in favor of breaking up big, complex banks.

It’s not every day the payments industry is compared to the drug trade. But apparently it offers equal opportunity for motivated criminals.

In the industry’s race to integrate major banking company acquisitions, Wells Fargo & Co. likes being the tortoise rather than the hare.