President Donald Trump on Thursday signed executive orders to ban politicized debanking and to broaden 401(k) investment choices for Americans. The first order, “Guaranteeing Fair Banking for All Americans,” prohibits federal regulators from pushing policies that enable banks and other financial institutions to deny services due to “political beliefs, religious beliefs, or lawful business activities,” a White House fact sheet on the order notes.
Banking regulators are directed to end “reputational risk and other equivalent concepts” that foster “politicized or unlawful debanking.” Under the order, all small financial institutions that fall under the Small Business Administration’s jurisdiction will be required “to make reasonable efforts to reinstate clients and potential clients previously denied services due to unlawful debanking.”................To Read More....
- Let’s bank together as long as.... August 8, 2025 by Silvio Canto, Jr. - If you live in any metropolitan area then you are familiar with bank commercial or jingles. I remember most of them because they were catchy and fun. One of my favorites was "Let's bank together." Well, it appears that some banks wanted to bank together as long as you were not associated with President Trump. Let's check this from Larry Kudlow:............Bad story, yes. Stupid story for sure....... President [Biden] was putting pressure on a private bank to "debank" the opposition candidate. As we hear, "bank regulators threatened banks with fines, criminal charges, and extreme supervisory actions -- unless the banks denied privileges to Mr. Trump."................To Read More...
No comments:
Post a Comment