Record Number of Americans Have Bank Accounts, FDIC Says
Economy
Record Number of Americans Have Bank Accounts, FDIC Says
2022-10-25 23:25:54
by Dan McCue

WASHINGTON — Despite a global pandemic that stalled state and local economies for months, a record 96% of Americans had bank accounts in 2021, according to a new survey released Tuesday by the Federal Deposit Insurance Corporation. The FDIC’s “2021... Read More

Administration Scaling Back Plan to Deepen IRS Scrutiny Into Bank Accounts
Banking
Administration Scaling Back Plan to Deepen IRS Scrutiny Into Bank Accounts
2021-10-19 21:23:09
by Dan McCue

WASHINGTON - The Biden administration is reversing course on a proposal that would have required banks to flag private accounts to the Internal Revenue Service when an individual deposit or withdrawal exceeded $600. A revised plan, expected to be announced... Read More

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