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About the Book

The Law of Financial Institutions

Front Cover - The Law of Financial Institutions

Fifth Edition

Richard Scott Carnell, Fordham University
Jonathan R. Macey, Yale Law School
Geoffrey P. Miller, New York University

2013. 860 pages. 9781454809944

About the Book

The Fifth Edition revision of The Law of Financial Institutions is completely updated to include recent cases and events in financial law.

Tried-and-true features of The Law of Financial Institutions:

  • comprehensive coverage of financial institutions, including nonbank financial institutions, such as insurance companies and mutual funds
  • clear, concise explanations that simplify and clarify a complex field of law 
  • lively and interesting note material and provocative discussion questions 
  • careful selection and judicious editing of cases 
  • fun problem sets, at graduating levels of difficulty, that reinforce concepts and give students practice applying law to specific facts 
  • visual aids—virtual windows, for visual learners—clarify concepts and reinforce the tex
  • critical analysis of the unifying features of each topic from an economic perspective
  • complete, up-to-date, and detailed Teacher's Manual
Featured in the Fifth Edition:

  • Completely updated to reflect the effects of the Global Financial Crisis
  • Complete coverage of the Dodd-Frank Act, which signaled the most significant changes to financial regulation in the United States since the Great Depression 
  • Revised structure in which chapters on Nonbanking Financial Institutions are grouped together 
  • Brand new chapter on Structured Finance, Securitization, Swaps and Derivatives 
  • Includes recent cases such as:
  • Cuomo v. Clearing House Association, L.L.C. (preemption)
  • Barrer v. Chase Bank USA (changes to credit card percentage rates)
  • Tammy Foret Freeman v. Quicken Loans, Inc. (mortgage fees)
  • Cervantes v. Countrywide Home Loans, Inc. (Mortgage Electronic Registration System)
  • Jerman v. Carlisle, McNellie, Rini, Kramer & Ulrich LPA (debt collection)
  • AT&T Mobility LLC v. Concepcion (arbitration agreements)
  • Securities and Exchange Commission v. Securities Investor Protection Corporation (SIPC not fulfilling its statutory responsibilities)
  • Blackrock Financial Management Inc. v. Segregated Account of Ambac Assurance Corporation (Class Action Fairness Act)
  • Greatly expanded coverage of consumer regulation, including coverage of TILA, RESPA, FDCPA, FCRA, and mortgage-related litigation. 
  • Discussion of the revised Horizontal Merger Guidelines
  • Revised questions and problems throughout