The Trump administration’s plan to require banks to collect citizenship data could be bad for business and deter some people from banking in the US.
An executive order that’s “in progress” could cost banks billions of dollars — and millions of hours.
This week, Treasury Secretary Scott Bessent teased a coming executive order requiring banks to obtain citizenship data for new and existing account … [5147 chars]
Source: Business Insider | Published: 2026-04-17T04:10:01Z
Credit: Business Insider
