### Question
What is the definition of financial institution?


### Answer
The definition of **financial institution** is as follows in *15 U.S.C. § 1693a*:

> a State or National bank, a State or Federal savings and loan association, a mutual savings bank, a State or Federal credit union, or any other person who, directly or indirectly, holds an account belonging to a consumer

#### Citation:
  - *15 U.S.C. § 1693a*
  - Heading: **CHAPTER 40-DEPARTMENT OF COMMERCE > SUBCHAPTER VI-ELECTRONIC FUND TRANSFERS**

