Trump Considers Mandate for Banks to Report Customer Citizenship

Donald Trump is reportedly exploring an executive order requiring banks across the USA to collect and report customer citizenship data.The proposed measure would share this sensitive information with the Treasury to enhance financial oversight and immigration enforcement.This initiative is intended to help ICE identify and deport undocumented immigrants while also targeting potential welfare fraud.Financial industry representatives warned of massive logistical costs and the risk of customers withdrawing funds due to privacy concerns.