Treasury warns banks of immigration red flags
#ImmigrationPolicy #BankingRegulationThe Treasury's FinCEN warns banks to watch for red flags tied to customers in the US illegally, including identity theft and payroll fraud. This follows Trump's executive order targeting unauthorized immigrants, though it offers guidance, not mandates, to avoid blanket debanking. read more
Major Banks Mull Lawsuit Over Crypto Charter Rules
#BankingRegulation #CryptoPolicyThe Bank Policy Institute, representing major US banks, may sue the Office of the Comptroller of the Currency over new crypto-friendly banking licenses. They argue these charters risk consumer safety and financial stability by easing regulations for fintech firms. read more
Trump Eyes Bank Checks for Citizenship
#TrumpPolicy #BankingRegulationTrump is weighing an executive order requiring banks to verify customers' U.S. citizenship to open or maintain accounts. This would be a new immigration enforcement tactic, though the White House calls such reports "baseless speculation." read more