Banking Law

Banking law regulates

Banking laws may exist in order to achieve many objectives. Some of these objectives include: Provide transparency for consumers Reduce risk for banking customers Avoid misuse of banks for purposes like money laundering Allow consumers to bank with confidentiality Prevent other crimes Provide fair banking and equal opportunities for banking Prevent terrorism Create fair debt collection practices Make credit card agreements fair to consumers Prevent banks from making unfair loans to insiders like officers and principal shareholders Allow customers to reasonably raise disputes Other goals Major Banking Laws