Letter: Privacy & Money at Risk as IRS Seeks Approval to Snoop

There is an ongoing battle regarding the $3.5 trillion reconciliation plan proposed by the Biden Administration, which includes a provision that would require financial institutions, such as our credit unions, to report to the IRS transactional data for any account with at least $600 of inflows or outflows annually. This unlimited access to consumers' financial data should raise alarms for anyone...