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PRESS STATEMENT | AUGUST 8, 2025 |
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Statement from Acting Chairman Travis Hill on Executive Order Titled “Guaranteeing Fair Banking for All Americans”
The FDIC fully supports President Trump’s Executive Order on politicized or unlawful debanking. As I’ve said in the past, debanking law-abiding customers is unacceptable and regulators must work to end it. The FDIC has taken several actions to further that objective, and soon, we plan to issue a rulemaking that would prohibit examiners from criticizing institutions on the basis of reputational risk or directing or encouraging institutions to close accounts on the basis of political, social, religious, or other views. Consistent with the Executive Order, the FDIC also plans to review whether FDIC-supervised institutions have engaged in politicized or unlawful debanking. The FDIC looks forward to working with our interagency partners to ensure that all law-abiding individuals and businesses have access to bank accounts, and that the era of debanking politically disfavored customers is over.
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