(NewsNation) — President Donald Trump is set to sign an executive order Thursday on “debanking.”
The order is expected to direct federal regulators to punish banks accused of illegally discriminating against conservatives and retroactively review whether bank accounts have been closed for political or religious reasons.
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Conservatives have accused Wall Street of discriminating against right-leaning industries or religious organizations.
The order is also expected to target policies like reputational risk, which includes evaluating the risk to a bank’s reputation if it does business with certain clients or industries.
