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President Trump ran on a core set of issues, and one of them was to rid the country of the millions of people here illegally. Sealing the border was done almost immediately, so Trump has had his Department of Homeland Security laser-focused on mass deportations.
JUST IN: Trump signs executive order targeting banks that extend financial services to illegal immigrants without work authorization.
— Polymarket (@Polymarket) May 19, 2026
The order directs bank regulators and government departments to look for signs that people without legal status are opening accounts or obtaining loans or credit cards. However, the order is less aggressive than banks had expected, as earlier reports suggested the White House was drafting an order that would make collecting customers’ citizenship information mandatory.
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