Banking law may be the broad term for laws and regulations that govern how banks along with other banking institutions work. Banks must adhere to an array of federal, condition as well as local rules. Lawyers perform a multitude of functions that report to making, following and enforcing rules.
Multiple federal agencies oversee banking rules. A financial institution or any other lender might come under rules from the Federal Deposit Insurance Corporation (FDIC), the Fed System or even the Office from the Comptroller from the Currency (OCC). Banks have to know what federal and condition rules they have to adhere to. Many federal banking rules are located in chapter 12 from the U.S. Code.