Minority bank council to Congress: reject IRS reporting plan

ICBA’s Minority Bank Advisory Council continued its opposition to the Biden administration’s proposal to require banks to report customer account information to the IRS.

Letter: Writing to the congressional Black, Asian Pacific American, and Hispanic caucuses, the coalition of minority depository institutions warned that the proposal would harm efforts to bank the unbanked while diverting resources from minority communities.

Campaign: ICBA continues calling on community bankers to use its customizable email and social media content to urge consumers to contact Congress in opposition to the plan.

Call Alert: In addition to the consumer campaign—which has resulted in more than 460,000 consumer messages to lawmakers—community bankers can call their lawmakers using an ICBA call alert and customizable script.