Trump administration weighs retroactive citizenship proof for bank accounts
TL;DR
The Trump administration is reportedly weighing a retroactive mandate for banks to collect proof of citizenship from all current and new customers, excluding REAL IDs; the policy would likely be pursued via executive action rather than legislation, and White House/ Treasury positions are unclear. Industry groups warn the move would be costly and logistically unworkable, raising concerns about nationwide implementation and potential GOP pushback.
Topics:businesspolitics#bank-accounts#citizenship-verification#financial-regulation#politics#real-id#trump-administration
- Trump administration weighs citizenship requirement for bank account holders Semafor
- Trump administration considers requiring banks to collect citizenship information The Washington Post
- Trump Has Terrifying New Idea for Tracking Undocumented Immigrants The New Republic
- Trump administration considers forcing banks to verify customers’ citizenship CNN
- Exclusive | Trump Administration Considers Requiring Banks to Collect Citizenship Information WSJ
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