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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTACO day for bankers
https://apnews.com/article/trump-immigration-banking-citizenship-treasury-08eecd2738bb0b454dce1152492bc3e2Trump orders banks to take a closer look at clients citizenship in new immigration enforcement move
By FATIMA HUSSEIN and KEN SWEET
Updated 8:04 PM CDT, May 19, 2026
WASHINGTON (AP) President Donald Trump on Tuesday signed an executive order that requires banks to take a closer look at the citizenship of their customers, a new measure in his administrations push to clamp down on people living in the country illegally.
The order directs bank regulators and government departments to look for signs that people without legal status are opening accounts or obtaining loans or credit cards. However, the order is less aggressive than banks had expected, as earlier reports suggested the White House was drafting an order that would make collecting customers citizenship information mandatory.
The White House has been signaling for weeks that it was planning some sort of executive order that would involve how banks handle their undocumented customers. Treasury Secretary Scott Bessent said last month that there should be stricter rules to open bank accounts.
In response, the banking industry had been aggressively lobbying for months to stop the White House from issuing an executive order that would have made collecting customers citizenship status mandatory, arguing it would be expensive and require vast amounts of paperwork. Since the order only offers guidance to the banks instead of a mandate, it appears the banks were able to win over the White House.
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TACO day for bankers (Original Post)
dalton99a
Wednesday
OP
bucolic_frolic
(55,929 posts)1. More info, more info. For accounts that have been there for 35 years!
Where does it end?
GiqueCee
(4,812 posts)2. Somewhere deep in his lizard brain...
... Trump must know that one of his disgruntled former acolytes will likely be the one who finally snuffs him. Frothing-at-the-mouth Trump-humpers are the ones most hurt by his malicious edicts, and they're not known for their forbearance. They're also the ones who have heard his threats in person, so "fake news", of "taken out of context" ain't gonna sway them. Besides, few, if any, of them even know what "context" means; they wonder why their local libraries haven't banned dictionaries. Not that any of 'em have ever been inside a library.
dalton99a
(95,497 posts)3. +1. The worst sadistic Roman emperors were done in by those closest to them
some_of_us_are_sane
(3,666 posts)4. I LOVE that line, GigueCee!
"Somewhere deep in his lizard brain..."
LOL!!! It reminds me how often, mostly in in older TV shows, a narrator would cut to a different character's actions and say, "Meanwhile....." to introduce what was happening to a second person in the story..
LOL!!! It reminds me how often, mostly in in older TV shows, a narrator would cut to a different character's actions and say, "Meanwhile....." to introduce what was happening to a second person in the story..