Treasury, IRS Escape Banking Groups' Tax Info Sharing Suit

Law360, Los Angeles (January 13, 2014, 6:16 PM EST) -- A Washington, D.C., federal judge on Monday tossed a lawsuit brought against the U.S. Department of Treasury by the Florida Bankers Association and others challenging the agency’s new regulations requiring commercial banks and savings associations to share nonresident alien depositors’ personal information with the IRS.

FBA and the Texas Bankers Association sued the Treasury and the Internal Revenue Service in April, saying the changed regulations would pose significant security concerns.

The suit, brought under the Declaratory Judgment Act, the Administrative Procedure Act and the Regulatory Flexibility...
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Case Information

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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