
President Trump signed two executive orders aimed at insulating the U.S. financial system from undocumented immigrants and expanding fintech firms' access to the Federal Reserve. His administration backed down from a planned requirement that banks collect customers' citizenship status, but the orders still impose significant new restrictions on immigrants' ability to use banking and payment services. The actions are part of a broader push on immigration policy that includes efforts to narrow birthright citizenship and heightened enforcement measures at airports.
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