Source: The Hill
by Solveig Singleton
“President Trump is reportedly considering an order requiring financial institutions to check customers’ citizenship, a curious departure from the administration’s professed concerns about the burden of bureaucracy and debanking. … Customers unnerved by the order might move their money from chartered depository institutions to informal family, religious, and community-based financial networks. … Federal statutes forbid financial service companies from alerting customers when surveillance reports are sent to authorities. But being asked to prove citizenship on everyday occasions is an intrusion people are sure to notice.” [editor’s note: Singleton’s wording implies that she MAY think moving money from state-surveilled institutions “to informal family, religious, and community-based financial networks” is a bad thing. I disagree. I consider it an essential precursor to restoring economic freedom, even though I also oppose the prospective “order” – TLK] (03/07/26)
https://thehill.com/opinion/immigration/5771913-financial-privacy-concerns-trump/