Banking Law

Credit Hours: 3

Commercial banks, savings institutions and credit unions play a central role in the U.S. financial system and the economy. This class will explore the relationship between the development of banking laws and the functioning of the economy. It will consider the federal and state regulatory schemes that have evolved since the Great Depression. This will include the special status of banks as the beneficiaries of federal deposit insurance, their permissible activities, how prudential regulation such as capital and liquidity requirements and concentration limits impact their operations, corporate governance and mergers and acquisitions. The course will also review the increasing levels of consumer protection laws and oversight, civil and criminal enforcement involving banks and bank executives, and the causes and handling of bank failures and federal receiverships. It will also address the changes to bank regulation following the 2008 Financial Crisis, including the Dodd-Frank Act. Finally, the course will explore the impact that FinTech will have on banks and similar financial intermediaries.