Judy Gilford
on February 27, 2026
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President Trump is considering an executive order or regulatory action that would mandate U.S. banks to collect and verify citizenship information from both new and existing customers, as part of an ongoing immigration enforcement push.  
 This move, which could involve requiring documents like passports, has sparked significant backlash from Democrats and industry groups, who warn it could create barriers to financial services and impose heavy compliance burdens on banks.
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