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CUNA, World Council Back Bill To Repeal FATCA Provisions

Rep. Bill Posey's (R-Fla.) H.R. 2299, which would repeal the Internal Revenue Service's recent expansion of United States credit union and bank reporting rules with respect to interest on deposits paid to nonresident aliens, "would be instrumental in eliminating an unnecessary and unduly burdensome rule for credit unions," CUNA and the World Council of Credit Unions wrote in a joint letter.

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