Banks that discriminated against conservatives may find themselves the subject of a federal investigation as President Donald Trump prepares a new executive order, according to a new report.
The Wall Street Journal reported that it has seen a draft of the order, which frames debanking conservatives as a violation of the Equal Credit Opportunity Act, antitrust laws, or laws protecting consumers.
The order could be signed this week, the Journal wrote, citing sources it did not name.
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Punishment could come from fines or other tools, the report said, and the order would allow regulators to refer banks to the Justice Department for potential prosecution in certain situations.
I’d love to watch any deposition or congressional hearing in which @BankofAmerica tries to defend this statement
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