Friday - May 22, 2026
FTA Statement on Tennessee Cross-Border Payment Tax
May 22, 2026
WASHINGTON, May 22 -- The Financial Technology Association issued the following statement on May 21, 2026:

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FTA Statement on Tennessee Cross-Border Payment Tax

The Financial Technology Association (FTA) issued the following statement on Tennessee House Bill 2502, a broad, sweeping new tax on consumers and businesses sending money abroad. The legislation was passed by the Tennessee legislature earlier this month and signed into law today.

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