Credit Unions are Against FATCA

IRS Medic’s interview with Michael Edwards of the World Council of Credit Unions reveals that both international and domestic credit unions want FATCA  repealed.

And at 14:22 we hear more evidence why the Same Country Exception (SCE) is a waste of time. There are already two exemptions which should protect Americans from the disastrous impacts of FATCA. Foreign banks simply ignore them! Why would an OPTIONAL SCE help anyone?