The Wall Street Journal reported that the White House is preparing to intensify pressure on large banks over allegations of discrimination against conservative individuals and Crypto Assets companies. It plans to threaten fines against lending institutions that terminate customer services for political reasons through an executive order. The draft of this executive order seen by the media instructs banking regulators to investigate whether any Financial Institution may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.
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The Wall Street Journal reported that the White House is preparing to intensify pressure on large banks over allegations of discrimination against conservative individuals and Crypto Assets companies. It plans to threaten fines against lending institutions that terminate customer services for political reasons through an executive order. The draft of this executive order seen by the media instructs banking regulators to investigate whether any Financial Institution may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.