Paul Merski, group executive vice president for the Independent Community Bankers of America, says it’s time to ’sound the alarm on this crazy onerous proposal from the Biden administration.’ Merski explains why the recent proposal — that banks must report to the IRS information about accounts with transactions of $600 or more — will cause financial privacy to ‘go out the window.’ Plus, he details how YOU can help independent banks fight this blatant violation of your Fourth Amendment privacy rights: Go to banklocally.org/privacy to send a message to your member of Congress today.
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