President Donald Trump Walks Out... 'I WON'T DO IT'
President Donald Trump is implementing measures to restrict non-citizens’ access to financial systems in the United States as part of his administration’s broader immigration enforcement.
On Tuesday, Trump signed an executive order titled “Restoring Integrity to America’s Financial System” that would require institutions to consider a customer’s immigration status when assessing potential financial risks.
In accordance with the 1970 Bank Secrecy Act, the new order mandates that the Treasury Secretary and federal financial regulators provide banks with guidance on identifying customers whose profiles or transactions may indicate risks such as money laundering, terrorism financing, and labor trafficking.
The order stated that the purpose of these modifications is to “take into account the potential threats to the integrity of the United States financial system posed by foreign consular identification cards.”
The order describes “red flags and typologies” associated with suspicious activity.
Among these are repetitive cash withdrawals, the use of shell companies to conceal true account ownership, and the use of certain platforms for “off-the-books” wage payments.
The “red flags” also encompass the use of an individual taxpayer identification number (ITIN) in place of a Social Security number when opening an account or performing specific banking transactions. This number is accessible to all, irrespective of their immigration status, and is used to file and pay taxes.
Even for legitimate reasons, the move could exacerbate the challenges faced by non-citizens, particularly undocumented immigrants, in obtaining financial services.
The U.S. government has implemented a stringent policy regarding immigration, regardless of whether it is legal or illegal, has restricted the access of immigrants to public services, increased scrutiny for visa and citizenship applications, and detained and deported individuals in mass, including those with lawful immigration status.
Protests across the nation have been incited by extensive immigration operations, which have resulted in the deaths of numerous Americans at the hands of federal agents.
In November, the Treasury Department also disclosed its intention to reclassify specific refundable tax credits as “federal public benefits,” which would limit the eligibility of certain non-citizens who submit taxes in the United States.
“President Trump is taking action to restore integrity to America’s financial system, cracking down on illicit activity that threatens national security and ending the extension of credit to high-risk borrowers that American citizens are forced to subsidize,” a White House fact sheet for the order said.
“Restoring sound underwriting standards puts money back in the pockets of law-abiding Americans,” the order added.
The fact sheet claimed that “gaps in customer identification practices have allowed terrorists, drug traffickers, money launderers, and other criminal networks to exploit U.S. financial institutions to move illicit funds and evade law enforcement,” citing documented Chinese-linked money laundering networks.
The White House also pointed to cases of banks extending mortgages, credit cards, and loans to undocumented immigrants and employers underreporting wages for undocumented employees, arguing that associated “costs are passed on to American consumers in the form of higher fees and interest rates.”
Economists generally attribute higher rates to benchmark rates, which are used to balance inflation and job growth, bank funding costs, and individual factors like borrowers’ credit scores.
According to a study by the left-leaning Urban Institute, lenders issued around 5,000 to 6,000 mortgages to customers with ITINs.
Banks are generally reluctant to lend to customers with ITINs, and Fannie Mae and Freddie Mac are typically disinclined to insure mortgages for borrowers with an ITIN.
The order also directs the Treasury to consider regulatory changes under the Bank Secrecy Act that would enable financial institutions to more readily collect customer data, including immigration status and employment authorization.
Trump has repeatedly accused banks of discriminating against conservatives and has filed a $5 billion lawsuit against JPMorgan Chase and its CEO over the closure of his accounts following the Jan. 6, 2021, Capitol riot.
JPMorgan Chase said in January, “Our company does not close accounts for political or religious reasons. We do close accounts because they create legal or regulatory risk for the company. We regret having to do so, but often rules and regulatory expectations lead us to do so.”
At the same time, the White House has overseen a broader deregulatory push that has benefited firms outside the traditional banking framework, and openly embraced cryptocurrency, with Trump pledging to make the U.S. the “crypto capital of the planet.”
Serious Threat To Our Country' - Trump Issues Dire Warning To The Nation, Names The Biggest Challenge Americans Face
THE RED DILEMMA: Trump Outlines Midterm War Script at Road to Majority Summit After Socialist Swings Fracture New York Base
WASHINGTON, D.C. — JUNE 29, 2026 — President Donald Trump warned Friday that a wave of far-left victories in New York City’s Democratic primaries represents one of the greatest dangers facing the United States, arguing the results should serve as a wake-up call ahead of November’s midterm elections.
Speaking before thousands at the Faith and Freedom Coalition’s annual Road to Majority conference in Washington, Trump blasted the Democratic Party’s leftward shift after several candidates backed by New York City Mayor Zohran Mamdani scored major primary victories earlier this week.
“These ruthless communists will attack all religions, but in particular Christianity,” Trump told the audience.
“This is the greatest threat to our country since its founding.”
Trump’s remarks came just days after three progressive candidates supported by Mamdani won Democratic primary races in New York, including two members of the Democratic Socialists of America.
Their victories have fueled growing Republican efforts to portray the Democratic Party as increasingly dominated by its progressive wing heading into the 2026 midterm elections.
Trump argued that the movement extends beyond economic policy and represents a broader ideological threat.
At one point during his speech, the president described communists as “animals” who would assassinate their political opponents, though he did not offer evidence supporting that claim.
The remarks carried additional significance because Trump was speaking at the Washington Hilton, the same hotel where an armed man attempted to breach security while the president attended the White House Correspondents’ Association dinner in April.
Authorities later identified the suspect as 31-year-old California resident Cole Tomas Allen, who has pleaded not guilty to charges that he attempted to assassinate the president.
Security around Friday’s event appeared noticeably tighter, with additional guards stationed throughout the venue and several entrances blocked off.
Republicans have increasingly seized on the New York primary results as evidence that Democrats are moving further left while voters remain primarily concerned about inflation, housing costs and the broader economy.
Political observers have suggested the victories give Republicans fresh material as they seek to defend their narrow congressional majorities this fall.
The candidates backed by Mamdani defeated two incumbent House Democrats and another candidate supported by the Democratic establishment.
While Republicans frequently characterize Democratic Socialists as communists, democratic socialism generally advocates expanding government-run social programs through the electoral process rather than replacing democratic institutions.
Many candidates aligned with the movement support policies including universal health care, tuition-free public college, expanded child care programs, stronger labor protections and higher taxes on wealthy Americans.
Several have also made opposition to U.S. military aid to Israel and support for Palestinians central themes of their campaigns.
Democrats quickly rejected Trump’s characterization.
Aidan Johnson, a spokesman for the Democratic Congressional Campaign Committee, argued Republicans were attempting to distract voters from substantive issues.
“Know they can’t win on the issues, so we’re seeing them melt down in real time, resorting to ineffective boogeyman attacks,” Johnson said.
Trump’s appearance also highlighted some of the tensions within his own political coalition.
The president has remained popular with many evangelical Christians by backing policies such as protecting women’s sports and opposing biological males competing in female athletics.
At the same time, some pro-Israel Christians have criticized Trump’s ceasefire agreement with Iran, while some anti-abortion advocates have argued the administration has not gone far enough on pro-life priorities.
During Friday’s speech, Trump defended his handling of Iran and declared that his administration had successfully prevented Tehran from obtaining a nuclear weapon.
The Faith and Freedom Coalition gathering has long served as one of the Republican Party’s premier events for evangelical voters and conservative activists, Reuters reported.
With the midterm elections approaching, Trump’s speech offered a preview of what is likely to become a central Republican campaign message: portraying the Democratic Party’s progressive wing as increasingly driving the party’s agenda while urging voters to reject what Republicans view as an increasingly radical political movement.
