Banking Regulation and the Federal Deposit Insurance Corporation (FDIC)

Course Information

Registration Information

Meeting Times

Day Time Location
THU 9:50 - 11:40 am TNH 3.124

Evaluation Method

Type Date Time Location


Taught by Arleas Upton Kea.

This course offers an exploration of U.S. banking regulation, providing a nuanced understanding from the perspective of a federal regulator. By delving into current events and issues, the course will shine a light on the continuous oversight conducted by state and federal regulatory agencies over banks, including an examination of their powers, activities, and the role of federal deposit insurance. Students will gain insights into the U.S. government's distinctive strategies in ensuring safety, consumer protection, combating anti-money laundering, and addressing failed banks.

The course covers key aspects of banking law such as chartering, special limits on bank activities, obligations under the Bank Secrecy Act and other anti-money laundering statutes, and the regulatory framework established under the Dodd-Frank Wall Street Reform and Consumer Protection Act.  By exploring contemporary topics like digital currency and fintech, students will develop a solid foundation to navigate the complexities of the current system and actively contribute to future financial sector reforms.

Textbooks and Reading:

Required Textbooks:

Karol K. Sparks, Banking Law Essentials,  American Bar Association Business Law Section (2022)  

Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr, Firefighting: The Financial Crisis and Its Lessons (2019)

Gottfried Leibbrandt and Natasha De Teran, The Pay Off: How Changing the Way We Pay Changes Everything (2022)

John Bovenzi, Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles (2015) - This book will be provided to each student by the professor.

Additional reading assignments in the syllabus and will occasionally be adjusted to remain current. 

Reference Materials: 

Outside reference materials may provide information on additional topics of interest.   These are not required for the course. The reference materials are:  

Salonia Ramakrishna, Enterprise Compliance Risk Management: An Essential Practitioners Toolkit (2015) (PDF)

Ahmed Siddiqui, Anatomy of the Swipe: Making Money Move (2021)

Carol Coye Benson, Scott Loftesness, et al. Payments Systems in the U.S.: A Guide for the Payments Professional Payments Systems in the U.S. 2nd edition (2017)

David Caruso The Investigators: The Outlandish Inside Story of the Investigation That Created the Multi-Billion Dollar AML Compliance Industry (2023)  (PDF)

Textbooks ( * denotes required )

Firefighting : The Financial Crisis and Its Lessons *
Bernanke, Ben S., Geithner, Timothy F., Paulson, Henry M., and Paulson, Henry M., Jr.
Penguin Publishing Group
ISBN: 978-0-14-313448-0
Banking Law Essentials *
Sparks, Karol K.
American Bar Association
ISBN: 978-1-63905-075-8
The Pay Off : How Changing the Way We Pay Changes Everything *
Leibbrandt, Gottfried and Natasha, De Teran
Elliott & Thompson, Limited , edition: 2
ISBN: 978-1-78396-641-7


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Important Class Changes

Date Updated
07/18/2024 Instructor(s) updated