US President Donald Trump has ordered regulators to investigate the alleged refusal among US banks to supply accounts to customers on the basis of their political or religious beliefs.
In an executive order signed Thursday, Trump accused federal banking regulators of presiding over an unlawful discrimination campaign under the guise of risk management, echoing allegations leveled previously by members of conservative groups and the cryptocurrency sector.
“Bank regulators have used supervisory scrutiny and other influence over regulated banks to direct or otherwise encourage politicized or unlawful debanking activities,” the order states. “Such practices are incompatible with a free society and the principle that the provision of banking
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