IRS Rule

10/15/2021

Below you will find a co-signed letter from twenty different Attorney Generals to President Biden and Secretary Yellen voicing opposition to the recently discussed IRS Rule. Jordan Watson from Attorney General (AG) Carr’s office reached out to John McNair and Lori Godfrey on October 7th about the CFPB 1071 requirements and the IRS Rule. CBA has been in numerous discussions with the AG’s office about both of these issues and have provided information to them that ultimately led to AG Carr signing the IRS Rule letter that is attached.

We greatly appreciate the working relationship that we have with AG Carr’s office. Just wanted to keep you all in the loop that we continue to push back on these requirements on your behalf.