A RECONSIDERATION OF FINANCIAL PRIVACY AND UNITED STATES V MILLER
DEAN GALARO I. II.
INTRODUCTION ..................................... ....... 32 THE BANK SECRECY ACT: A PRODUCT OF ITS TIME...................... 34
A. B. I11.
IV.
A. B.
California Bankers Association v. Shultz..... United States v. Miller...........................
C.
Later Statutes............................ 1. Right to FinancialPrivacyAct of 1978........ 2. The PATRIOT Act............................
PRESCIENT DISSENTING VOICES
37
............... 37 38
42 ......... 43 44
.............................
47
Technology.................................... PersonalInformation........................ Choice........................................
47 49 49
Two REASONS TO QUESTION MILLER'S CONTINUED APPLICABILITY ........................................
51
A.
B. VI.
34 ......... 36
THE SUPREME COURT'S REACTION TO THE BANK SECRECY ACT.................
A. B. C. V.
The Act ......................................... The FourthAmendment in Flux .............
Miller Does Not Satisfy Katz Anymore............ ..... 51 1. Do DepositorsExhibit an Actual Expectation of Privacy? ............................ ..... 51 2. Is FinancialPrivacy Something Society will Recognize as Reasonable?. ......................... ..... 53 Miller's Foundationon "FalseFriend"Cases is No Longer Sound ......................... ..... 55
CONCLUSION...........................................
57
ABSTRACT
The last time the Supreme Court consideredfinancialprivacy and the FourthAmendment, "Rocky" was the sleeper hitfilm of the year. Forty- two years ago, United States v. Miller reacted to the Bank Secrecy Act and held that the FourthAmendment does not protect the information depositorsgive to their banks. This decision still makes waves in the 21st century, allowing forparts of the PATRIOT Act thatpush the boundaries of 31