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Texas Banks Fretting Over Newly Proposed IRS Rule

Texas banks are worrying that a seemingly obscure new rule proposed by the IRS could cause flight of foreign capital from the state. But as Nathan Bernier of KUT News reports, consumer advocates say that's a false alarm.

By Nathan Bernier, KUT News
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Credit: Illustration by Todd Wiseman

Texas banks are worrying that a seemingly obscure new rule proposed by the IRS could cause flight of foreign capital from the state. But as Nathan Bernier of KUT News reports, consumer advocates say that's a false alarm.

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Nathan Bernier

KUT NEWS

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