Banking law regulates the relationships between banks and clients, contracts, operations, credit, and consumer protection.
Banking law is one of the legal segments that accumulates the most conflicts between clients and their banking institutions. It is important to understand, however, that banking issues are not always equated to the traditional logic of consumer law, since banks and financial institutions have their own regulations to follow.
In this sense, a banking law specialist lawyer needs to have a specific set of skills that are part of this world. This level of specialization helps optimize the chances of success, whether in a banking agreement or in a legal process against the bank in question.
To help you understand more about this subject and its main solutions, our team of banking law specialists has prepared this article. In it, we address the main areas of practice of a banking law lawyer, as well as answer the most common questions on the subject to clarify doubts that may also be yours. Check it out!
What does a banking law specialist lawyer do?
A lawyer specialized in banking law is the professional who handles clients' demands against banks. These demands can range from charges related to banking services to issues of financing and improper charges.
As is known, banking institutions are closely related to the daily needs of the majority of the population. This results in legal disputes involving banks, some of the most common being in the fields of civil and consumer law.
Importance of Banking Law
Banking law plays a very important role in regulating the operations carried out in financial institutions, while imposing duties on their clients, thus balancing the relationship between banks and their contractors.
For example, banking law is responsible for limiting the actions of banks and other financial institutions, so that the financial system knows its limits when applying measures to clients' accounts.
On the other hand, banking law determines the rights that consumers have over their accounts and bank loans, protecting their integrity and financial situation and preventing them from experiencing irregular situations by the bank, such as credit operations (loans, financing, etc.), banking services (customer service, account opening, for example).
What are the advantages of having a banking lawyer?
Having a lawyer specialized in banking law is essential in different ways in cases that may cause problems for consumers and their banks.
A banking law specialist primarily operates in the area of litigation, assisting their client on which documents to gather and present in legal cases. Thus, they offer a better understanding of the client's current situation and guide them on which paths to follow from here on.
Additionally, a banking lawyer also helps in preventing conflicts, protecting their client's interests while facilitating dialogue between financial institutions and their clients.
