Reported 24 days ago
The White House is preparing an executive order aimed at banks accused by President Donald Trump of politically motivated customer rejection, particularly targeting JPMorgan and Bank of America. The order could implement disciplinary measures against banks for allegedly engaging in 'politicized or unlawful debanking' practices. This comes after Trump claimed he faced discrimination from major banks based on his political affiliations, asserting his accounts were expelled without evidence. While the banks refuted the president's claims, they expressed support for a clearer regulatory framework.
Source: YAHOO