Trump Withdraws Proposal for Banks to Collect Citizenship Information

President Donald Trump has revised his executive order regarding banks and citizenship information collection. The new directive focuses more narrowly on identifying financial red flags related to tax evasion, labor trafficking, and unverified legal presence in the U.S., rather than requiring all banks to collect detailed immigration data from customers.

By By Nupur Anand and Tatiana Bautzer Wed, May 20, 2026 at 2:26 AM GMT+3 2 min read · Yahoo Finance ·

Trump Withdraws Proposal for Banks to Collect Citizenship Information

Tickers: $RJF

Topics: banking_regulation financial_compliance immigration

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