President Trump ran on a core set of issues, and one of them was to rid the country of the millions of people here illegally. Sealing the border was done almost immediately, so Trump has had his Department of Homeland Security laser-focused on mass deportations.
But he’s helping that effort too through various Executive Orders and Executive Branch policies, another of which he dropped earlier this week:
JUST IN: Trump signs executive order targeting banks that extend financial services to illegal immigrants without work authorization.
— Polymarket (@Polymarket) May 19, 2026
Here’s more:
The order directs bank regulators and government departments to look for signs that people without legal status are opening accounts or obtaining loans or credit cards. However, the order is less aggressive than banks had expected, as earlier reports suggested the White House was drafting an order that would make collecting customers’ citizenship information mandatory.
In the order, the White House framed the decision that banks would face credit risks if one of their customers were deported and any loans could no longer be repaid. The White House said it would not “permit risks to our financial system posed by the extension of credit or financial services to the inadmissible and removable alien population.”
Since banks have never collected any information about their customers’ citizenship or immigration status, there are no reliable public figures on how much risk these customers pose to the financial system.
Supporters of Trump’s deportation efforts have long stated that eliminating access to benefits like jobs, access to financial services, and other economic avenues will contribute to self-deportation.
Yesterday, @POTUS signed an Executive Order restoring integrity to our financial system by kicking out illegals.
Expect more self-deportations to follow!https://t.co/WbQnmVcJRL
— Rapid Response 47 (@RapidResponse47) May 20, 2026
Trump’s order began:
America’s financial institutions serve a critical role in safeguarding the American people against financial fraud and abuse. My Administration has taken significant steps to lower the costs of providing financial services for Americans and reduce unnecessary and burdensome Federal regulations that restrain economic growth and hamper the competitiveness of financial service providers nationwide.
However, it has long been the policy of the United States to adopt tailored measures to safeguard our financial system from illicit use and promote safe and sound lending and other practices by financial institutions. My Administration will not tolerate national security and public safety risks caused by illicit cross-border financial activity, nor will it permit risks to our financial system posed by the extension of credit or financial services to the inadmissible and removable alien population.
How anyone remotely right wing could be against this administration is beyond my comprehension.
Shameful, really, those people who have joined with the Left in defending Massie and anyone else who has been standing in the way of taking our country back. https://t.co/3GqEYoz5ES
— BaroqueMan (@VivaldiVril) May 20, 2026
I agree with the above tweet. The one thing I remember well from Trump’s first term was how he exposed all of the phony ‘cruise ship conservatives’ like William Kristol and his ilk.
For years they preached the very same policies Trump was implementing or trying to implement, but they fought him every step of the way because they didn’t like him and they really didn’t believe in America-first, true-conservative principles and values. Grifters to the max.
But as for Trump’s new bank policy, how anyone can be against it is beyond me. No other country allows foreigners – especially if they are in the country illegally – to bank there.
