Trump Moves to Remove Illegal Aliens From Banking System, Protecting American Finances
President Trump has issued an executive order aimed at preventing illegal aliens from accessing the banking system. The order highlights the risks posed by lending to individuals without legal work authorization, citing potential impacts on the national banking system. This move follows previous Biden administration policies that allowed banks to overlook immigration status when granting loans.
- ▪Trump's executive order addresses the issue of banks lending to illegal aliens.
- ▪The order emphasizes the risks associated with lending to individuals who may face removal from the country.
- ▪Pollster Scott Rasmussen noted that 80% of voters believe illegal immigration is detrimental to America.
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Trump Moves to Remove Illegal Aliens From Banking System, Protecting American Finances Catherine Salgado | 10:40 AM on May 21, 2026 AP Photo/Gene J. Puskar, File President Donald Trump has issued an executive order taking action against the Biden-era phenomenon of banks lending or facilitating payments to illegal aliens.Trump wrote in his May 19 executive order, “Banks and other financial institutions should also be attentive to the credit risks posed by the extension of mortgage and auto loans, credit cards, and other consumer credit to the inadmissible and removable alien population.
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