US Edition
Trump Administration Considers Requiring Banks to Collect Citizenship Information: WSJ
The order would require banks to verify citizenship from new and existing customers, expanding banking rules to support immigration enforcement efforts, officials say.
- Reports say the Trump administration is considering an executive order that would direct U.S. banks to gather proof of citizenship, like passports, from new applicants and potentially from existing account holders.
- The proposal aligns with the Trump administration’s broader push to reduce illegal immigration and tighten enforcement across employment, public benefits and other sectors.
- Existing law already requires identity verification but reports say passports would be cited as acceptable proof while REAL IDs would not qualify as proof of citizenship.
- Industry representatives warned the banking industry would face logistical, legal, and political costs, with a lobbyist describing it as `complete nightmare`.
- The White House has cautioned that no policy is official until the president announces it, while past efforts like sharing IRS data faced legal challenges, according to Kush Desai.
21 Articles
21 Articles
Washington, Feb. 24, (EFE).- Donald Trump's U.S. President's government is considering signing an executive order that requires the country's banks to provide more data to the authorities, including the nationality of their clients, a measure aimed at strengthening the fight against illegal immigration, as local media advanced this Tuesday. Newspapers like The Washington Post or The Wall Street Journal today publish the information citing source…
Trump Planning Executive Order to Make Banks Collect Citizenship Data: Report.
PULSE POINTSWHAT HAPPENED: The Trump administration is considering an Executive Order requiring banks to gather citizenship information from customers.WHO WAS INVOLVED: The Trump administration, U.S. banks, and Treasury Department’s Financial Crimes Enforcement Network (FinCEN).WHEN & WHERE: Discussions are believed to be ongoing as of February 2026.IMPACT: The order would allow the Trump administration to open a new front in the financial secto…
The Trump administration is considering a new requirement for US banks to verify the citizenship information of current and prospective customers as part of the president's hardline immigration policy, sources told CNN.
Trump team weighs order to force banks to make sure customers are citizens
The proposed action would see banks collect information on individuals’ citizenship through requests for a new category of documents in order to open the accounts, according to The Wall Street Journal
Trump administration considers forcing banks to verify customers’ citizenship
The Trump administration is weighing a new requirement for US banks to verify citizenship information of current and future customers as part of the president’s aggressive immigration crackdown, sources told CNN.
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Bias Distribution
- 65% of the sources are Center
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