PSC155 - Legal Foundations in Banking
Course Description
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. Understand the basics of banking law and explore agencies that regulate banking in the U.S. and the various federal laws that affect banking professionals' daily operations.
Learner Outcomes
After completing this course, you'll 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
Upon completion of the course, learners may be eligible for:
- IACET CEUs: 0.4 (Contact Hours: 4 hours)
- ATD CI Credits: 4
Please note:
Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs.
Notes
This course is offered through our curriculum partner, MindEdge, Inc. MindEdge was founded in 1998 by Harvard and MIT educators with a mission to improve the way the world learns. Since then, more than three million learners have participated in MindEdge programs.
Registered students will receive individualized communication with further instructions to help you prepare for class.