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Exclusive / Trump backs down from requiring banks to collect citizenship information - Semafor
Overview
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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ORGFederal ReserveORGbanksORGSemafor
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