Trump Signs Order Targeting Banks Over Political Discrimination

President Donald Trump signed an executive order Thursday aimed at eliminating practices by banks and their regulators that result in certain customers being denied access to financial services for ideological reasons.

The order directs federal banking regulators to remove reputational risk standards from their guidance and training materials and identify financial institutions that engaged in unlawful “debanking” in the past, the White House said in a fact sheet published after the signing.