Pull to refresh
Logo
Daily Brief
Following
Why Ranks Sign Up
U

UnidosUS

Civil rights organization

Appears in 1 story

Stories

Trump executive order ties bank account access to immigration status

Rule Changes

Publicly criticized the executive order

For 23 years, federal rules let Individual Taxpayer Identification Numbers stand in for Social Security numbers when opening a bank account. A Trump executive order now tells regulators to treat ITIN use as a potential fraud and trafficking red flag, moving the compliance burden onto banks.

Updated 3 days ago