Banking Groups Appeal IRS Win On Info-Sharing Regs

Law360, New York (February 5, 2014, 1:40 PM EST) -- The Florida Bankers Association on Tuesday indicated that it planned to appeal a Washington, D.C., federal judge’s decision to toss its lawsuit against the U.S. Department of the Treasury challenging regulations requiring banks to share nonresident alien depositors’ personal information with the government.

The FBA, along with the Texas Bankers Association, appealed the case to the U.S. Court of Appeals for the D.C. Circuit, arguing the federal court was incorrect when it ruled that new Treasury reporting regulations do not violate the Administrative Procedure Act or...
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