Trump to Target Banks Over Political Bias and 'Debanking'
TL;DR Summary
President Donald Trump is expected to sign an executive order aimed at protecting customers from being de-banked based on political or religious beliefs, directing regulators to remove vague 'reputational risk' language that has been used to justify account closures, amidst ongoing debates about political bias and regulatory overreach in banking.
- Trump set to sign executive order going after ‘debanking’ CNN
- JPMorgan, Bank of America refused Trump's business for role in January 6 riot, report says WBFF
- Trump to crack down on banks over alleged political bias Politico
- Exclusive | White House Preps Order to Punish Banks That Discriminate Against Conservatives The Wall Street Journal
- Trump moves to protect American bank accounts from politically based closures Fox Business
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