WASHINGTON (AP) — President Donald Trump has signed an executive order requiring banks to scrutinize their customers’ citizenship. The order instructs bank regulators and government departments to identify signs of people without legal status opening accounts or obtaining loans. The White House argues that banks could face credit risks if a customer is deported and loans go unpaid. However, the order is less stringent than expected, as it doesn’t mandate the collection of citizenship information. Critics raise privacy concerns, as financial records are highly sensitive.
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