As the worlds of technology and financial services collide, Understanding FINTech and Banking Law: A Practical Guide, examines the current state and application of law and regulation to financial technology. Financial technology is rapidly evolving with new and innovative companies and applications forming to provide consumers and businesses alternative ways to access the payments and financial services networks. This book examines in depth, the legal and regulatory framework that may apply to these new services and companies. The sweeping new legal framework established under the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act of 2010 may have significant ramifications on financial technology. The creation of the Consumer Financial Protection Bureau (CFPB) extended federal legal and regulatory power into a large swath of previously non-federally regulated financial products and services. State based regulation remains and many states are moving quickly to rewrite their regulations in the face of new products such as Bitcoin. This book takes a comprehensive look at the evolving intersection between financial technology and regulation. Beginning with a review of the history of the payment system, the book delves in-depth to examine the state and federal legal and regulatory structures in place, which may govern financial technology