State Bankers Associations Across the Country Advocating Against Controversial IRS Reporting Requirements on Behalf of Customers

As Congress considers a proposal requiring banks to report information to the IRS on gross inflows and outflows on customer accounts, state bankers associations opposed to the proposal are expressing concerns with the expanded IRS reporting requirements. State associations are amplifying the message that the proposal is an unwarranted infringement on the privacy of bank customers and will create an unnecessary compliance burden for all banks especially community banks. Check out these stories on how bankers across the country are advocating against this proposal on behalf of their consumers.