### Question
How does FINANCIAL RECORDKEEPING define financial institution?


### Answer
Under *12 U.S.C. § 1960*, **financial institution** is defined as:

> an entity to which section 1953(b) of this title applies

#### Citation:
  - *12 U.S.C. § 1960*
  - Heading: **CHAPTER 21-FINANCIAL RECORDKEEPING**

