Editing Banking in the United States (section)

== Banking privacy ==
{{See also|Financial privacy laws in the United States}}
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In the United States, [[Bank secrecy|banking privacy]] and [[information security]] is not protected through a singular law nor is it an unalienable right.<ref name=":1" /> The regulation of banking privacy is typically undertaken by a sector-by-sector basis.<ref name=":1" /> The most prominent federal law governing banking privacy in the U.S. is the [[Gramm–Leach–Bliley Act|Gramm-Leach-Bliley Act]] (GLB).<ref name=":1" /> This regulates the disclosure, collection, and use of non-public information by banking institutions.<ref name=":1" /> Additionally, the [[Federal Trade Commission]] (FTC) serves as the primary protector of banking privacy by fining violators of federal and state banking privacy laws.<ref name=":1" /> Unlike [[banking in Switzerland]] or other European countries, violations of banking privacy are usually a [[Municipal offense|civil offense]] not a [[Crime|criminal one]].<ref name=":1" /> However, the [[Financial Industry Regulatory Authority]] (FINRA) offers numerous banking privacy provisions within its statutes.<ref>{{Cite web|url=http://www.finra.org/industry/customer-information-protection|title=Customer Information Protection|website=www.finra.org|language=en|access-date=July 22, 2018|quote=Protection of financial and personal customer information is a key responsibility and obligation of FINRA member firms. Under the SEC’s Regulation S-P, firms are required to have policies and procedures addressing the protection of customer information and records. This includes protecting against any anticipated threats or hazards to the security or integrity of customer records and information and against unauthorized access to or use of customer records or information. The rule also requires firms to provide initial and annual privacy notices to customers describing information sharing policies and informing customers of their rights.}}</ref><ref>{{Cite web|url=https://www.finra.org/arbitration-and-mediation/protecting-personal-confidential-information|title=Protecting Personal Confidential Information|website=www.finra.org|language=en|access-date=July 22, 2018|quote=Except for arbitration awards, which are publicly available, the documents and information in FINRA Dispute Resolution case files are confidential. FINRA Dispute Resolution limits access to personal confidential information to FINRA staff members who need it to perform their job functions, and to arbitrators, mediators, or other individuals involved directly in the arbitration or mediation process. Examples of personal confidential information include:|archive-date=July 31, 2018|archive-url=https://web.archive.org/web/20180731093120/https://www.finra.org/arbitration-and-mediation/protecting-personal-confidential-information|url-status=dead}}</ref>