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ICBA President and CEO Rebeca Romero Rainey called on community bankers to continue engaging consumers against a proposal that would require banks to report customer account information to the IRS.
Consumer Resources: ICBA is calling on community bankers to use its customizable email text and social media content to urge consumers to contact Congress in opposition to the plan, which policymakers are working to include in budget-reconciliation legislation.
Call Alert: ICBA also is encouraging community bankers to call their members of Congress using a new ICBA call alert and customizable script on the proposal.
Latest: The Treasury and IRS this week urged the House Ways and Means Committee to advance the proposal as part of the budget package. While the panel has not yet taken up the plan, the agency request illustrates that it can be added at any time.
More: A recent blog post from Romero Rainey details ICBA’s consumer-facing campaign, which has now generated more than 360,000 messages to Congress from roughly 120,000 consumers.