Introduction to Banking Law

The purpose of this course is to provide a brief overview of the elaborate and complex system that has evolved over the past 150 years to regulate the activities of banking institutions. It will provide an overview of the types of financial entities providing banking services in the United States, their powers and authorities, and how they are regulated. It will discuss the major laws that govern banks, and the themes of regulation, including safety and soundness, anti-money laundering and sanctions, and the regulatory enforcement process. It will also address the structure of the payments system in the US, as well as the systems that have evolved for handling bank insolvencies. This class will be graded as Pass/Fail.