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Steve Chiotakis: The new financial regulations bill cleared its last real hurdle today, when Democratic senators avoided a Republican filibuster of the legislation. The president will probably sign it into law sometime early next week. But as Marketplace’s Alisa Roth reports, it could take awhile for anybody to really notice.

Alisa Roth: This is not going to be one of those laws where you wake up the morning after the president signs it. And the whole world looks different.

Bert Ely: What will really put meat on the bones will be the several hundred regulations that various regulatory agencies will have to write and adopt over the next couple of years.

Bert Ely is a banking consultant:

Ely: So its going to take awhile for those to kick in.

Still, if you open a new checking account today, you might already see some changes: banks have been getting rid of free accounts. To help make up for the money theyll lose when overdraft and other fees are abolished. Bert Ely says eventually there will be a day when you do wake up to a whole new world of banks:

Ely: Lets say five years out, everything that was intended and mandated by this bill will be in place.

And if the law does what its promising do, your money will be a lot safer. But Ely says by then, we might start seeing some unintended consequences of that law.

In New York, I’m Alisa Roth for Marketplace.