BNK 3900 - Regulatory Environment of Banking

Credits: 3

Prerequisite(s): BNK 3600

Description: There is a long list of regulations that apply specifically to the banking industry: the Bank Secrecy Act, multiple consumer protection acts, lending requirements, credit reporting, fair debt collection, and many others. This course will cover the historical evolution of bank regulation, give an overview of UDAAP, the existing ‘alphabet soup’ of regulations, and reporting requirements. Students will also discuss how regulations affect profits, explore the size of the regulatory burden of banks, estimate the costs and benefits of regulation, and establish an informed opinion on an optimal level of regulation. Students will also review the history financial crises and the impact of legislative and regulatory changes on the activities by U.S. banks.