Federal Preemption in the Dual Banking System: An Overview and Issues for the 116th Congress [May 17, 2019] [open pdf - 1MB]
From the Document: "Banks play a critical role in the United States economy, channeling money from savers to borrowers and facilitating productive investment. While the nature of lawmakers' interest in bank regulation has shifted over time, most bank regulations fall into one of three general categories. First, banks must abide by a variety of 'safety-and-soundness' requirements designed to minimize the risk of their failure and maintain macroeconomic stability. Second, banks must comply with 'consumer protection' rules intended to deter abusive practices and provide consumers with complete information about financial products and services. Third, banks are subject to various 'reporting,' 'recordkeeping,' and 'anti-money laundering' requirements designed to assist law enforcement in investigating criminal activity."
CRS Report for Congress, R45726
Congressional Research Service: https://crsreports.congress.gov/