Winter sales marketing plan

Banking law

2023

Plan: 1. What is the banking law? 2. Why do banking law exist? 3. What do banking laws regulate? 4. Services of banking

Banking law is the broad term for laws that govern how banks and other financial institutions conduct business. Banks must comply with a myriad of federal, state and even local regulations. Lawyers perform a wide variety of functions that relate to creating, following and enforcing regulations.

As the American economy expanded in the 20th century, lawmakers became concerned about the influence that banks have on the economy. When banks struggle, the effects spread to consumers and the public as a whole, they reason. Lawmakers create banking regulations in order to ensure that banks conduct regulations in a fair and transparent way. Banking regulations change frequently, and they remain controversial.

What do banking laws regulate? Banking laws may exist in order to achieve many objectives. Some of these objectives include: 1.Provide transparency for consumers 2.Reduce risk for banking customers 3.Avoid misuse of banks for purposes like money laundering

4.Allow consumers to bank with confidentiality
5.Prevent other crimes
6.Prioritize bank lending according to economic and social priorities
7.Provide fair banking and equal opportunities for banking

The services of offered by banks 1.Current accounts 2.Loans 3.Travel money 4.Internet banking

Banking terms Account number branch of a bank foregion currency ATM machine debit card overdaft

Thank you for attention