India, Aug. 8 -- President Donald Trump has signed an Executive Order to ensure that Federal regulators do not promote policies and practices that allow financial institutions to deny or restrict services based on political beliefs, religious beliefs, or lawful business activities, ensuring fair access to banking for all Americans.
The Order directs Federal banking regulators to remove reputational risk and other equivalent concepts that enable politicized or unlawful debanking from their guidance, examination manuals and other materials.
The Order instructs the Small Business Administration to require all financial institutions subject to its jurisdiction to make reasonable efforts to reinstate clients and potential clients previously de...