Government agency overseeing banks criticizes bank fees

USA Today is reporting a new Federal Deposit Insurance Corp. study has come out with a finding: Overdraft fees at banks are boosting their profits "at the expense of consumers, especially young and low-income people."

Shocking. It's the kind of news that you'd generally read about -- as the hilarious comedian Andy Borowitz likes to say -- in Duh magazine.

I'm not mocking USA Today -- I'm glad they're reporting on this -- or the Federal Deposit Insurance Corp. It's important to do these studies, and it's significant because the government agency that oversees these banks, by guaranteeing the safety of their customers' checking and savings deposits, is criticizing these banks.

But I doubt that anyone who isn't a garden variety multi-millionaire is going to be remotely surprised by their findings. So what is going on with this study?