Legal/Compliance/Security Overview

The MBA provides legal and compliance services designed to assist bankers in their day-to-day operations.  It is no secret that the banking business is heavily regulated.  Our legal and compliance experts can help your institution comply with the many state and federal banking rules.  The legal department produces numerous manuals that are very popular, including our Lending Manual Series, Deposit Accounts Manual, Safe Deposit Manual and Records Retention Manual.  All of these publications cover the federal banking laws and regulations, while also addressing Minnesota statutes and rules that impact your business. 

The legal department also answers legal and compliance inquiries from our members.  Each year, our legal and compliance experts respond to more than 3,000 of these inquiries.  They also produce the MBA’s monthly Legal Compliance Bulletins and Regulatory Watch Bulletins, and will occasionally teach compliance courses for the MBA.  When appropriate, the legal department also advocates on behalf of the membership by filing comment letters and amicus curiae briefs in support of the banking industry.  These legal and compliance services continue to be extremely popular with our members.