The ITIN expiration document from the IRS (Notice 2016-48) states that banks will not be penalized for information reporting that includes an expired ITIN. You will find this paragraph near the end of the document.
USE OF AN ITIN SOLELY ON AN INFORMATION RETURN
An individual whose expired ITIN is used only on information returns filed and furnished by third parties, such as Forms 1099, is not required to renew the ITIN. ITINs may continue to be used for information return purposes regardless of whether they have expired for individual income tax return filing purposes. If the individual is later required to file a tax return, however, the individual’s ITIN will have to be renewed at that time. Additionally, the third parties who file and furnish information returns with an expired payee ITIN will not be subject to information return penalties under sections 6721 or 6722 solely because the ITIN is expired.
As Ken said, "It is not your problem."
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