Banks are narcing on you because Congress forces them to

Banks have long been deputized on the inside as undercover agents for federal law enforcement, authors say.

They say the "Bank Secrecy Act regime" forces banks to report customers to the government for an ever-growing list of "red flags" Authors: The vast majority of these reports are filed for nothing more than a customer making a transaction over $ 10,000 .

Authors: Congress should repeal the laws underpinning this regime and restore financial privacy.