Thank you for sharing!

Your article was successfully shared with the contacts you provided.
U.S. Treasury Department building in Washington, D.C. U.S. Treasury Department building in Washington, D.C. (Source: dashingstock/Shutterstock)

Concerned about personal data collection, unreasonably burdensome reporting requirements and a poor record of data security by the IRS, numerous trade organizations jointly sent a letter to lawmakers to oppose a proposal by the Treasury Department that would require financial institutions to report gross inflows and outflows of all business and personal accounts.

CUNA, NAFCU and nearly 40 other organizations sent a letter on Wednesday asking congressional leaders for help with this new proposal by Treasury.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Michael Ogden

Editor-in-Chief for CU Times.

More from this author


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.