Compliance/Regulation No FATCA expansion: CUNA, World Council tell Congress

CUNA and the World Council of Credit Unions wrote to congressional leadership Tuesday opposing any increase in Foreign Account Tax Compliance Act (FATCA) reporting requirements on U.S.-based credit unions and banks. FATCA is designed to target non-compliance by U.S. taxpayers with foreign accounts.

“We urge you to oppose further domestic expansion of FATCA



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