Title 12: Banks and Banking
Regulation of national banks, the Federal Reserve System, FDIC insurance, mortgage lending, and consumer financial protection.
53 chapters · 1,789 sections · 6 key sections available
Key Sections (6)
Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) operates within the Treasury Department to oversee national banks and enforce banking laws related to currency and Federal Reserve notes.
Federal Deposit Insurance Corporation — Establishment
The FDIC is established to insure bank deposits, protecting depositors if their bank fails. It has authority to set up offices across the country.
Real Estate Settlement Procedures Act — Purpose
RESPA requires lenders to disclose all settlement costs to home buyers upfront, bans kickbacks between settlement service providers, and limits escrow account requirements.
Consumer Financial Protection Act — Prohibiting Unfair, Deceptive, or Abusive Acts
The CFPB has authority to identify and prevent unfair, deceptive, or abusive practices by financial companies, protecting consumers in banking, lending, and other financial services.
Dodd-Frank Wall Street Reform — Definitions
Dodd-Frank overhauled financial regulation after the 2008 crisis, creating the CFPB, restricting risky bank trading, and establishing new oversight of systemically important financial firms.
Dodd-Frank Wall Street Reform and Consumer Protection Act
Overhauls financial regulation after the 2008 crisis. Creates the Consumer Financial Protection Bureau, restricts proprietary trading by banks (Volcker Rule), and increases oversight of derivatives markets.