Another Trump plan dead on arrival : Banks collecting citizenship info isn’t legal.

[Conservative from Georgia]

The White House wants banks to collect citizenship status from customers. But..

Congress regulates banking, not the president. The Bank Secrecy Act doesn’t require citizenship verification and an executive order can’t change that.

And no, banks “voluntarily” complying doesn’t fix it. Courts treat private actors following government pressure as state action. You can’t launder an illegal policy through Chase.
This gets enjoined within days. The only question is which court does it first.

https://www.cnn.com/2026/02/24/business/trump-immigration-banks-citizenship

 

[TroglocratsRdumb]

Why don't the Democrats want the banks to know if a client is breaking our policy immigration laws?
Loaning money to someone who can be deported is a high risk loan.

 

[pknopp]

Why don't the Democrats want the banks to know if a client is breaking our policy immigration laws?
Loaning money to someone who can be deported is a high risk loan.

The article notes how it is the banks that aren't interested.

 

[protectionist]

Why don't the Democrats want the banks to know if a client is breaking our policy immigration laws?
Loaning money to someone who can be deported is a high risk loan.

Good point.

 

[SweetTea]

The White House wants banks to collect citizenship status from customers. But..

Congress regulates banking, not the president. The Bank Secrecy Act doesn’t require citizenship verification and an executive order can’t change that.

And no, banks “voluntarily” complying doesn’t fix it. Courts treat private actors following government pressure as state action. You can’t launder an illegal policy through Chase.
This gets enjoined within days. The only question is which court does it first.

https://www.cnn.com/2026/02/24/business/trump-immigration-banks-citizenship

Banks are backed by the FDIC. The government already has plenty of say as to how they do business. Of course banks don’t like it because they know how many illegals are in the country.

 

[Mac-7]

The article notes how it is the banks that aren't interested.

Thats understandable

Banks are a business and this new rule will cost them money

And yet they are federally regulated and must follow thousands of rules mandated by the government

Including reporting cash transactions above $10,000

 

[Toddsterpatriot]

The White House wants banks to collect citizenship status from customers. But..

Congress regulates banking, not the president. The Bank Secrecy Act doesn’t require citizenship verification and an executive order can’t change that.

And no, banks “voluntarily” complying doesn’t fix it. Courts treat private actors following government pressure as state action. You can’t launder an illegal policy through Chase.
This gets enjoined within days. The only question is which court does it first.

https://www.cnn.com/2026/02/24/business/trump-immigration-banks-citizenship

 

[SassyIrishLass]

I see nothing wrong with this. In fact I agree with it.

 

[BrokeLoser]

The article notes how it is the banks that aren't interested.

Geee….I wonder why. Walk into a Bank Of America here in Mexifornia at any point throughout any day and you’ll feel like you just warped into a bank in Mexico…Every employee is brown, every person in the bank is brown and no English is spoken. They’re all filthy shitholes

 

[Lockback]

The White House wants banks to collect citizenship status from customers. But..

Congress regulates banking, not the president. The Bank Secrecy Act doesn’t require citizenship verification and an executive order can’t change that.

And no, banks “voluntarily” complying doesn’t fix it. Courts treat private actors following government pressure as state action. You can’t launder an illegal policy through Chase.
This gets enjoined within days. The only question is which court does it first.

https://www.cnn.com/2026/02/24/business/trump-immigration-banks-citizenship

Why do you lie about being a "Conservative"?

 

[Toddsterpatriot]

Why do you lie about being a "Conservative"?

He lies about everything else; it's his thing.

 

[kyzr]

So why doesn't congress fix that?
Banks should check citizenship of customers, its a national security issue.

Do we want Russians, or Chinese, or Iranians or drug cartels funding their covert operations here in the US thru banks??

Who could be against that?

 

[Missouri_Mike]

The White House wants banks to collect citizenship status from customers. But..

Congress regulates banking, not the president. The Bank Secrecy Act doesn’t require citizenship verification and an executive order can’t change that.

And no, banks “voluntarily” complying doesn’t fix it. Courts treat private actors following government pressure as state action. You can’t launder an illegal policy through Chase.
This gets enjoined within days. The only question is which court does it first.

https://www.cnn.com/2026/02/24/business/trump-immigration-banks-citizenship

So you want employers to be on the hook for hiring illegals but not the banks housing their money.

 

[pknopp]

So why doesn't congress fix that?
Banks should check citizenship of customers, its a national security issue.

Do we want Russians, or Chinese, or Iranians or drug cartels funding their covert operations here in the US thru banks??

Who could be against that?

How does that work? How do you suppose they should check?

 

[Missouri_Mike]

How does that work? How do you suppose they should check?

The easy solution is run E-verify on every new account. If employers have to do it then why not the bank as well.

 

[pknopp]

The easy solution is run E-verify on every new account. If employers have to do it then why not the bank as well.

But employers, no? Employers do not have to do it. At least not a majority.

 

[kyzr]

How does that work? How do you suppose they should check?

Home

E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. E-Verify employers verify the identity and employment eligibility of newly hired employees by electronically ...

www.e-verify.gov

 

[kyzr]

But employers, no? Employers do not have to do it. At least not a majority.

Just write the LAW to use e-verify

 

[pknopp]

Home

E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. E-Verify employers verify the identity and employment eligibility of newly hired employees by electronically ...

www.e-verify.gov

"Allows" doesn't require.

 

[pknopp]

Just write the LAW to use e-verify

If it includes ALL employers, fine with me.