WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Thursday that targeted banks over what his administration says are discriminatory practices.
“The Order directs Federal banking regulators to remove reputational risk and other equivalent concepts that enable politicized or unlawful debanking from their guidance, examination manuals and other materials,” the White House said in a statement.
The order directs officials “to develop a comprehensive strategy to further combat politicized or unlawful debanking activities,” the White House added.
Sources told Reuters earlier this week that the White House was preparing to act against banks for allegedly dropping customers for political reasons.
(Reporting by Kanishka Singh in Washington; Editing by Leslie Adler)
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