Banking law is a crucial legal framework governing the operations, regulations, and transactions of financial institutions, such as banks and credit unions.

It covers various issues such as customer rights, lending practices, electronic banking, payment systems, and the prevention of money laundering and fraud. Key areas of focus include regulatory compliance, consumer protection, and contractual relationships between banks and their clients.

Regulatory bodies, often established by government authorities, monitor and enforce these laws to maintain the soundness of the banking system and protect the interests of depositors and borrowers. Banking law also interfaces with broader legal fields like corporate law, securities law, and international finance.

As technology continues to reshape the financial landscape, banking law evolves to address emerging challenges related to digital banking, cybersecurity, and cross-border transactions.