I can think a few: - Deposits (you would want your money back) - Mortgages and loans (money lent was your deposit, you might want to ensure that borrowers obser

I can think a few: - Deposits (you would want your money back) - Mortgages and loans (money lent was your deposit, you might want to ensure that borrowers observe a certain criteria to ensure repayment, and priced accordingly so the loan pool can cover eventual defaults) - Preventing Money Laundering and Terrorism funding - Forcing Banks to provide you with enough data about investment products so you don’t end up gambling your savings on leveraged derivatives Having worked in Financial Services for 20 years (both Banks and Fintech), and being aware any broad generalization is unfair, I can tell you a lot of the flack Banks get it’s due to regulations they would shed on a snap, while fin techs choose to skip them altogether. Lending to unbanked, unprivileged minorities sounds great on The brochure and is hard to argue against. The part they leave out is the money they are lending belongs are the lifelong savings of a 80-year old couple snared on the promise of safe, 2% returns, and then tell them than most micro-loans defaulted and their lost their capital. Rules are there for a reason. They are cumbersome, archaic and way too many, but If you remove them, consumers will end up hurt. And the US Banking system is not a great benchmark as it is borked.