White House Reportedly Taking Aim At Banks Allegedly Cancelling Conservatives’ Accounts
The White House is preparing an executive order targeting banks that discriminate against customers based on political views, according to The Wall Street Journal. The drafted executive order would direct officials to…
The White House is preparing an executive order targeting banks that discriminate against customers based on political views, according to The Wall Street Journal.
The drafted executive order would direct officials to investigate whether any banks have violated federal law by canceling conservative customers, The Wall Street Journal reported Tuesday, citing a draft copy it obtained. President Donald Trump could sign the order within the week if plans do not change, according to sources who spoke to the outlet.
The White House declined to comment to the Daily Caller News Foundation.
The news broke the same morning that Trump complained in a CNBC interview that two major banks had refused to do Business with him, though the president did not say when these alleged disputes happened. JPMorgan Chase once told Trump that he had 20 days to move “hundreds of millions of dollars in cash” to another institution, while Bank of America told him he could not open an account to deposit over a billion dollars, he claimed.
“We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed,” a JPMorgan spokesperson told the Daily Caller News Foundation