banking services
Coverage of banking services in the Nexus archive.
- State Duma Expected to Vote on Updated Bill Cutting Off Exiled Critics From Banking and Property Services, Report Says
The State Duma is expected to vote on an updated bill that would restrict exiled critics from accessing banking and property services. A milder version of the bill, including asset freezes and denial of consular services, was previously passed in its first reading last December.
- Stephen Miller says Trump administration is pursuing policy to debank illegal immigrants
White House deputy chief of staff Stephen Miller stated the Trump administration is pursuing a policy to limit banking services for illegal immigrants, aiming to incentivize self-deportation. President Trump signed an executive order directing increased scrutiny of financial services for undocumented immigrants, though the order did not explicitly mandate banks to deny accounts but could make access more difficult.
- Stephen Miller says Trump administration is pursuing policy to debank illegal immigrants
Stephen Miller stated the Trump administration is pursuing a policy to restrict banking services for illegal immigrants to incentivize self-deportation. The administration directed banks and regulators to increase scrutiny of accounts involving undocumented immigrants, though the executive order did not explicitly mandate denying services. Federal agencies have issued guidance to assess credit risk for borrowers without legal work authorization.