FOX BIZ NEWS: Banks slam Democrats' narrower IRS bank-account monitoring plan: 'No fundamental difference'

Banks slam Democrats' narrower IRS bank-account monitoring plan: 'No fundamental difference'



The Biden administration agreed this week to pare back a deeply controversial proposal that would force banks to turn over most customers' account information to the Internal Revenue Service under a barrage of criticism from both industry groups and Republicans – but banks say the measure still goes too far and poses a serious privacy concern.