Trump’s executive will investigate banks for alleged political biases issues

President Donald Trump It is said that it is an executive that would reduce lenders to end customer relations based on political affiliations or opinions.

This comes as Trump continues to claim the major financial institutions that were deprived of reaching individuals with right -wing tendencies and those related to the encryption industry, although banks refused to confirm.

This, which can be signed early this week, would direct the organizers to investigate the possible violations of the equal credit opportunities law, the anti -monopoly laws or consumer protection laws, and to prevent political bias in banking, according to the Wall Street Journal, which reviewed the draft demand.

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Disciplinary measures will include monetary penalties and approval decrees, according to the magazine.

During an interview with CNBC on Tuesday, Trump used himself, for example, saying he was a personal target by many major banks, and had to rely on “small banks everywhere”. He talked about a time when he was a customer of the bank, including at JPMorgan Chase.

The case arose earlier this year when Trump accused the CEO of Bank of America Brian Moinhan In January, banking services were not provided to governors during the World Economic Forum.

“I hope you start opening your bank to the conservatives, because many conservatives complain that banks do not allow them to do business within the bank-and this includes a place called Bank of America … they do not take the business of the conservatives,” Trump told Suvenaine during a question and answers session.

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Moinhan did not respond to Trump’s statements about the fair banking services of the conservatives during the forum. A Bank of America The spokesperson refused that the bank closed accounts for political reasons and said they were “welcoming the conservatives.”

“We serve more than 70 million customers, and we welcome the governors,” said Fox Business spokesman. “We must follow large -scale governmental rules and regulations that sometimes lead to decisions to get out of customer relationships. We never close accounts for political reasons and we have no political test.”

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Likewise, Patricia Wexler, a spokesperson for JPMorgan Chase, Fox Business that the company does not close accounts for political reasons, although it agrees with Trump “Organizational change Wanted very much. ”

In a statement to the magazine, Bank of America said it “will continue to work with management and Congress to improve the organizational framework.”

The banks were frustrated by the organization in the industry, claiming that they were unclear, politically and exhausted. In addition, advanced rules, especially with encryption, are exposed to certain risks. For example, after FTX collapsed in 2022 – which led to the demise of the signature bank and Silvergate in early 2023 – Federal organizers unofficially suspended banks from working with encryption customers.