Trump Treasury pushes banks to stop doing business with illegal immigrants

Published August 8, 2026 5:00am ET



President Donald Trump’s second-term crackdown on immigration is increasingly focused on pressuring U.S. financial institutions not to do business with those in the United States illegally.

Throughout Trump’s first 18 months in office, the White House has imposed regulations and taken executive action aimed at making it harder for illegal immigrants to continue to reside in the country by restricting access to banks.

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