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ARTICLE · 12 AUGUST 2025

Trump Executive Order Attacks "De-banking" Practices

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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On August 7, 2025, President Trump issued an executive order targeting the practice of de-banking--as described in the executive order, actions to "restrict law-abiding individuals' and business'...

United StatesFinance and Banking
Jacob Hupart
Jacob Hupart
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On August 7, 2025, President Trump issued an executive order targeting the practice of de-banking--as described in the executive order, actions to "restrict law-abiding individuals' and business' access to financial services on the basis of political or religious beliefs or lawful business activities." The Trump Administration has objected to the efforts of banks to dissociate from those "participating in activities and causes commonly associated with conservatism and the political right following the events that occurred at or near the United States Capitol on January 6, 2021." In other words, the Trump Administration is seeking to counteract the efforts by private actors in the financial services industry to cease doing business with individuals and companies associated with right-wing causes, and threatening to impose government sanctions should they fail to comply.

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