About This Chapter
U.S. Banking Laws & Regulations - Chapter Summary
To understand the world of finance, it's imperative to learn about U.S. banking laws and regulations. The lessons in this chapter will cover important regulations for bank loans, financial assets, insurance, corporate finance, and more. In this chapter, you'll explore demand deposits, time deposit accounts, marketing tactics, and you will have the opportunity to compare the different types of loans. Additionally, these lessons will explain financial assets like stocks bonds, and money, and privacy of information. This chapter will also detail the following:
- A comparison of loans and investments
- The process and purpose of loan underwriting
- Insurance coverage for different types of risk
- Liability insurance and personal property
- Corporate finance and governance
- The benefits of technology for banking
- Controls on banking activities
- How laws and regulations impact marketing for businesses
The lessons in this chapter have been developed by professionals in the field to ensure that the topics are presented in a manner that's easy to understand. You'll find engaging video and text lessons to help illustrate the material. For video lessons, utilize the clickable timeline for easy navigation, to review a particular portion of the lesson. After each lesson, take a self-assessment quiz to gauge your understanding, and when you've completed the chapter, take a cumulative exam to see how well you've absorbed all of the information.
1. What is a Loan? - Definition, Types, Advantages & Disadvantages
Learn what a loan is and some of the most common types of loans that people get. Find out which loans are best for different situations and some of the advantages and disadvantages of getting a loan.
2. Comparing Loans & Investments
Loans and investments can both be very useful tools used by businesses to grow. However, when looking at accounting paperwork, it can be easy to confuse them. In this lesson, we clarify that confusion and show how to use both.
3. Loan Underwriting: Definition, Process & Purpose
In this lesson we will look at the definition of loan underwriting. We will also explore how and why lenders use the process before extending credit to buyers in the form of a mortgage.
4. Demand Deposit: Definition & Overview
Most people with bank accounts have demand deposits even if they don't know it. In this lesson, you'll learn what a demand deposit is and some related concepts. You'll also have a chance to take a short quiz after the lesson.
5. What Is a Time Deposit Account? - Definition & Example
In this lesson, you will learn the definition of a time deposit and the purpose of interest. We'll explore a demand deposit and discuss the advantages and disadvantages of a time deposit.
6. Types of Financial Assets: Money, Stocks & Bonds
For an economy to operate effectively, consumers and businesses need a common medium of exchange and mechanisms to encourage some people to save, others to borrow and others to invest. In any modern economy, these needs are met with money, stocks and bonds.
7. Insurance Coverage for Various Types of Risk
Businesses operate in a world of risk. One of the best ways to manage risk is through insurance. In this lesson, you'll learn about the types of insurance coverage available to businesses to help them manage their risks.
8. Personal Property & Liability Insurance
In this lesson, we'll define liability and discuss how liability insurance can protect your personal property. You'll learn about four different types of liability coverage: homeowner, renter, auto and personal umbrella policies.
9. Sales Promotion in the Promotional Marketing Mix
Marketers use a wide range of sales promotion tools to incentivize consumers and intermediaries to buy. Watch this video to learn more about these tools and how they work.
10. What Is Corporate Finance? - Definition & Fundamentals
This lesson will introduce the topic of corporate finance and its effects on a corporation and its shareholders. It will discuss capital funding sources and provide an example of a corporation needing to use capital funding for improvements.
11. What is Corporate Governance? - Definition & Key Players
This lesson defines and discusses the concept of corporate governance, identifies the key players involved in corporate governance, discusses the roles of these key players, and identifies the primary types of issues faced with regard to corporate governance.
12. How Technology Makes Banking More Efficient
If you've ever heard the cliché 'banker's hours,' you know that banking traditionally has not been a fast and efficient process. In this lesson, you'll learn about how technology has improved the efficiency of banking for customers.
13. Information Privacy: Laws & Examples
Information privacy is the protection of a customers or individuals personal information. In the lesson you will learn about information privacy, laws, examples followed by a quiz.
14. Safeguards & Controls of Banking Activities
Money is one of the most highly valued items a person has. Is that money safe when it is deposited in a bank? In this lesson, you'll learn how banks safeguard your money so that you can be confident with every deposit you make.
15. The Political and Legal Environment of Marketing
In this lesson, you will learn about the political and legal environment of marketing. Learn which federal legislation, state laws and regulatory agencies have an effect on businesses.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.