The Wall Street Journal reports the Trump administration is considering an executive order that would compel banks to collect customers' citizenship information. Reuters could not immediately verify the WSJ account. The story gives few details on timing or scope and does not include official responses; the proposal could raise privacy and legal questions.
Trump Administration Weighs Order That Could Require Banks To Collect Customers' Citizenship, WSJ Says
FILE PHOTO: U.S. President Donald Trump, flanked by Secretary of Commerce Howard Lutnick speaks during a press briefing at the White House, following the Supreme Court's ruling that Trump had exceeded his authority when he imposed tariffs, in Washington, D.C., U.S., February 20, 2026. REUTERS/Kevin Lamarque/File Photo
Feb 24 (Reuters) - The Trump administration is weighing an executive order or similar action that would require banks to collect customers' citizenship information, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Reuters could not immediately verify the Wall Street Journal's account.
The report did not provide a timeline or specify which banks or types of accounts would be affected. It also did not include comments from White House officials or banking representatives. If pursued, such a proposal could prompt debates over customer privacy, added compliance burdens for financial institutions and potential legal challenges.
Reporting by Disha Mishra in Bengaluru.
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