Fair Credit Reporting Act (FCRA): Federal law that regulates the collection and use of consumer credit information. Consider when including credit-related information, ensuring accuracy and fairness in reporting, and protecting privacy rights.

Bank Secrecy Act (BSA): Federal law requiring careful consideration of financial relationships and avoiding statements that could trigger suspicious activity concerns in banking references.

Privacy Laws - Gramm-Leach-Bliley Act (GLBA): Federal and state-specific privacy laws governing the protection of personal information in financial contexts, including requirements for handling sensitive data.

Equal Credit Opportunity Act (ECOA): Federal law prohibiting discriminatory practices in lending, requiring careful attention to avoid discriminatory language and ensure compliance with fair lending practices.

State-Specific Banking Regulations: Various state-level banking laws and regulations that may affect character reference requirements and format, varying by jurisdiction.

Defamation Laws: Legal framework governing truthfulness in statements and protection against libel, requiring careful attention to accuracy and factual content in reference letters.

Federal Trade Commission (FTC) Guidelines: Federal guidelines governing truth in lending and fair business practices, ensuring compliance with standard banking and consumer protection requirements.