Banking Groups Sue Treasury Over Tax-Info Sharing

Law360, Los Angeles (April 18, 2013, 9:46 PM ET) -- The Florida Bankers Association and the Texas Bankers Association hit the U.S. Department of Treasury with a suit in Washington, D.C., federal court on Thursday, challenging the agency’s new regulations requiring commercial banks and savings associations to share nonresident aliens depositors’ personal information with the Internal Revenue Service, saying the change would pose significant security concerns.

The suit, brought under the Declaratory Judgment Act, the APA and the Regulatory Flexibility Act, comes a year after the Treasury and the IRS finalized amendments that required U.S. commercial...
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Case Title

Florida Bankers Association et al v. UNITED STATES DEPARTMENT OF TREASURY et al


Case Number

1:13-cv-00529

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

James E. Boasberg

Date Filed

April 18, 2013

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