US EditionTrump set to sign executive order going after ‘debanking’
- President Donald Trump signed an executive order on Thursday to punish banks for restricting services based on political or religious beliefs and formalize debanking protections.
- The order addresses allegations made by Trump and conservative organizations that certain major financial institutions have engaged in politically motivated discrimination, though these banks reject the claims and maintain that their actions are driven by regulatory compliance.
- The order directs regulators to remove 'reputational risk' language from banking guidance, review policies seen as encouraging politicized debanking, and instructs the SEC to ease 401 investment rules for alternative assets including private equity and cryptocurrency.
- The CEO of Bank of America expressed support for Trump’s focus on regulatory matters, stating the president is addressing a key issue, while a company representative chose not to comment on the allegations regarding Trump's debanking claims but acknowledged the need for changes in regulation.
- The executive order could lead to investigations and fines for banks, unlock trillions in 401 retirement savings for private equity, and signal continued political battles over banking practices and regulatory oversight.
201 Articles
201 Articles
President Trump Signs Executive Order To Prohibit Politicized Or Unlawful Debanking - Worthy Christian News
by Worthy News Washington D.C. Bureau Staff (Worthy News) – President Donald J. Trump on Thursday signed an Executive Order to ensure that federal regulators do not promote policies or practices allowing financial institutions to deny or restrict services based on political beliefs, religious beliefs, or lawful business activities, guaranteeing fair access to banking for all Americans. The order directs federal banking regulators to remove “repu…
LifeNews.com
littlebytesnews.comTrump Signs Executive Order to Protect Christians and Conservatives From Debanking
President Donald Trump signed an executive order Aug. 7 aimed at ending political and religious discrimination in the banking industry. The order directs federal banking regulators to eliminate policies that allow financial institutions to deny services based on so-called “reputational risk” and other concepts “that enable politicized or unlawful debanking,” according to an Aug. 7 White House statement. It also requires banks to review past deci…
Gun Lobby Applauds President’s Executive Order Ending Banking Discrimination
Opinion iStock Palto WASHINGTON, D.C. — NSSF, The Firearm Industry Trade Association, applauds President Donald Trump’s signing today at The White House the Executive Order Guaranteeing Free and Fair Banking for All Americans. Today’s executive order enforces a firearm industry priority to end banking discrimination against individuals and entities based on political beliefs. For years, members of the firearm industry have been denied banking an…
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