What is Banking Law?
The United States Banking sector is among the most highly regulated industries historically. This is due to the critical role banks play in operating payment systems and the allocation of credit to individuals and organizations. As such, the United States banking regulatory framework is complex and pervasive, governing both state and federal chartered institutions. Given the breadth and complexity of Banking Law there are several regulatory agencies supporting the legal system. The Federal Reserve establishes ongoing monetary policy and regulates at the federal level. The Federal Deposit Insurance Corporation (FDIC) regulates banks that are not part of the federal system, and, notably insures deposits and has receivership powers within the industry. Further there are several other agencies which provide a range of consumer protections and loss prevention. These include, among others:
- Consumer transparency, fairness and equal opportunity
- Risk reduction for clients
- Mitigation against misuse, money laundering, and unfair loan practices
- Terrorism and crime prevention
- Promoting fair debt collection practices
- Providing for customer disputes
- Managing fair credit card arrangements
- Ensure consumer confidence in the system
Not without moments, indeed eras of controversy, there is a long and evolving history of United States Banking Law that governs the complex industry of finance which benefits the great majority of American citizens.
What Do Banking Attorneys Do?
Given the far ranging number of legal statutes to which banks must comply, it is easy to recognize the need for expert Banking Attorneys. Ressler Law Firm Banking Law Attorneys have wide ranging Banking Law expertise, and provide individuals and organizations with legal counsel. Banking Attorney skills are needed in both the government and private sector. In both cases, interpretation, management and compliance of banking laws are the area of focus. Banking regulations change frequently, and may have mandates across federal, state and local jurisdiction. Banking Law Attorneys may also represent clients against allegations of wrongdoing. Investment services, trading activities, third party outsourcing and enforcement actions can also be within Banking Attorney services. Broadly set, the following are the key areas of services:
- Regulatory compliance
- Enforcement actions
- Transactional supports
Banking Attorneys at Ressler Law Firm keep their finger on the pulse of the evolving regulatory climate, and, as such, are prepared to provide the most contemporaneous legal assistance.
When Do I Need a Banking Attorney?
Individuals, groups and organizations will often require financial services. Businesses need capital to finance commercial activity. Individuals acquire property, both real estate and other forms of property. Lenders, agent and participants find themselves executing transactions that frequently involving the banking industry. In these circumstances, Ressler Law Firm Banking Attorneys are an excellent addition to the team. These professionals offer a wide range of critical protections to the client. This protection is paramount to the protection of assets. In addition, potential litigation is avoided due to the assurance of regulatory compliance and assistance with successful transactions are the results. Ressler Law Firm is ready to provide your Banking Law and Banking Attorney needs. Contact Ressler Law today.