; (B) an insured credit union, as defined in section 101 of the Federal Credit Union Act ( 12 U.S.C. 1752 ); or (C) any affiliate of an insured depository institution or insured credit union. (5) Financial product or service The term financial product or service has the meaning given such term in section 1002(15) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5481(15) ). (6) Personal identification card The term personal identification card means an identification document issued by a State or local government to an individual solely for the purpose of identification of such individual. (7) State The term State means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any other commonwealth, possession, or territory of the United States. (8) Swipe The term swipe means the act of using a device on a driver’s license or personal identification card to decipher, in an electronically readable format, personal information displayed on or electronically encoded on the driver’s license or personal identification card. 3. Use of a driver’s license or personal identification card (a) In general With the consent of an individual, a financial institution may record personal information from a swipe of the individual’s driver’s license or personal identification card, or make a copy or receive an image of the individual’s driver’s license or personal identification card, and store or retain such information in any electronic format for purposes of opening an account with the financial institution or obtaining a financial product or service from the financial institution. Except as required to comply with Federal bank secrecy laws, the financial institution may only use the personal information— (1) to verify the authenticity of the driver’s license or personal identification card with the State that issued the driver’s license or personal identification card; (2) to verify the identity of the individual