As a vital part of the U.S. economy and a necessity for most Americans, the banking industry is subject to extensive regulation, and banking professionals must understand the legal and ethical responsibilities that come with their work. This course introduces learners working toward Modern Banking Representative Certification to the basics of banking law, exploring the agencies that regulate banking in the U.S. and the various federal laws that affect banking professionals' daily operations.
After completing this course, the learner should be able to:
- Outline the responsibilities of the federal agencies that regulate banking in the U.S.
- Summarize federal laws that significantly impact the U.S. banking industry
- Apply principles of ethical conduct in daily banking operations
- Understand the function of appraisals in banking
- Explain the basic structure of a contract and the significance of a breach of contract
- Explain the mechanisms behind checks and other negotiable instruments
- Identify the rights and responsibilities of bank account holders based on the titling of the account in question
- Explain the responsibilities of banks in combating financial crime
- Evaluate the potential impact of operations on a bank's reputation
- Real-world case studies
- Badge and credit-awarding
- Games & Flashcards
- Video content
- Audio-enabled in app
You may request a refund up to 5 days from the purchase date. The registration fee will only be refunded if less than 10% of the course has been completed. Completion percentage can be viewed on the Course Progress page from within the course.
This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.
This course does not require any additional purchases of supplementary materials.
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.