On the basis of a conspiracy theory that banks have targeted accounts for closure due to being owned by conservatives, President Trump signed an order to remove regulations that allow banks to close down accounts they believe are committing fraud, or which are linked to terrorists.
The idea that people have had their accounts closed merely for being pro-Trump has been floating around for a while. As far as I can find, it's all rumors. There is no real evidence for it. Instead, evidence points to these conservatives committing bank fraud, excessive overdrafting, money laundering, and doing other activities that banks do not allow.
Federal banking regulators are required to remove one's political or religious affiliation from any sections of its guidance, and it requires requires the Small Business Association to reinstate the accounts of everyone it believes was denied and closed due to their pro-Trump politics.
https://www.whitehouse.gov/presidential-actions/2025/08/guaranteeing-fair-banking-for-all-americans/
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