Banking Law

Whether you are a consumer or a business owner, it is important to understand how the banking institutions you depend on are regulated. The Banking Law section of FreeAdvice contains detailed information regarding the various types of banks, who regulates them and to what extent, what happens if a bank fails, and more. 

Banks are an essential part of daily financial operations from personal savings and checking accounts to loan products and investment vehicles. The governing bodies that implement and enforce banking laws include several different administrative agencies and quasi-governmental organizations such as the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervisors. Credit unions, which offer similar services and features as those offered by banks, are also regulated by the National Credit Union Administration. These various entities control the banking industry from the oversight of deposit insurance protection in the event a bank fails, to the rules regarding ATMs fees. To learn more about the rules and protections in place under banking law, explore the links to articles and answers to frequently asked questions on this page.