New White House Order Could Punish Banks for Dropping Customers Over Beliefs

Description

The White House is preparing an executive order that would penalize banks for cutting off customers over their beliefs. The order, reported on by the Wall Street Journal , is expected to be signed by President Donald Trump as early as this week. It would direct banking regulators to investigate whether financial firms violated the Equal Credit Opportunity Act or other consumer protection laws when closing accounts. While the order could still be altered, it would bring further stability to the c...