US_ Trump turns tables on banks that cancel customers for political reasons

THE WASHINGTON TIMES 

Trump turns tables on banks that cancel customers for political reasons

President Donald Trump answers questions from reporters after signing an executive order about the 2028 Los Angeles Olympic Games, in the South Court Auditorium of the Eisenhower Executive Office Building on the White House campus, Tuesday, Aug. 5, 2025, in … more >

By Kerry Picket - The Washington Times - Thursday, August 7, 2025 


Using excuses such as “reputational risk” can no longer be a reason for banks to reject a customer or expel a current client, under an executive order President Trump inked on Thursday. 

He ordered regulators and banks to stop shuttering accounts for politically biased reasons, which is known as debanking and is something Mr. Trump and his family experienced personally. 

According to the order, federal banking regulators must eliminate reputational risk and equivalent concepts from guidance and examination manuals. 

The Small Business Administration will also require financial institutions to reinstate customers who were denied services because of past debanking policies. 

The order directs federal banking regulators to review supervisory and complaint data for instances of unlawful debanking based on religion. 

These particular cases can be referred to the office of the attorney general. Fines may be considered along with consent decrees and other remedial actions for financial institutions involved in debanking. 

Finally, the order requires the Treasury secretary to create a strategy to prevent debanking activities, including legislative and regulatory action. 

In 2013, President Obama’s Justice Department allowed regulators to order banks to close accounts for “reputational risk” and instructed regulators to handle “negative public opinion” of account holders the same as a serious financial risk. 

... 

READ MORE: https://www.washingtontimes.com/news/2025/aug/7/trump-turns-tables-banks-cancel-customers-political-reasons/ 

***

Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc.
Kính Chúc Sức Khỏe Quý Anh Chị.

conbenho 
Tiểu Muội quantu
Nguyễn Hoài Trang 
08082025 
__________________________ 
Cộng sản Việt Nam là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là ĐỒNG LÕA với TỘI ÁC