Thursday, February 26, 2026

Trump Admin Considers Requiring Banks to Collect Citizenship Info

The Trump administration is considering requiring banks to collect proof of citizenship, like passports, from its customers, people familiar with the talks told Semafor. The policy would be retroactive ...

Posted by lamplighter at 04:32 PM | 18 COMMENTS | permalink

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The Trump administration is reportedly weighing a move that could require banks to collect customers' citizenship info. #YourMoney

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-- NewsNation (@newsnation.bsky.social) Feb 25, 2026 at 4:17 PM

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More from the article ...

... A spokesperson for the White House, Kush Desai, told Semafor that "any reporting about potential policymaking that has not been officially announced by the White House is baseless speculation." It is unclear where the Treasury Department, which did not comment for this story, stands on the proposal.

Already, the industry is pushing back out of concern that the potential move -- via presidential order, not legislation -- would be costly and complicated to implement. Illicit finance laws require financial institutions to collect some personal information on their customers, but not citizenship details specifically.
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One financial services lobbyist called the idea a "complete nightmare" logistically. The lobbyist also warned of potential pushback from GOP voters: "The admin might think this is a good idea until Joe MAGA in Alabama is asked to present his papers." ...


#1 | Posted by LampLighter at 2026-02-24 04:00 PM

Original [paywalled] source ...

Trump Administration Considers Requiring Banks to Collect Citizenship Information
www.wsj.com


#2 | Posted by LampLighter at 2026-02-24 04:02 PM

Welcome to China.

#3 | Posted by sentinel at 2026-02-24 05:41 PM

Is Trump a citizen of Qatar?

Why does he have a bank account there?

------- hypocrisy.

This country is going to ---- real fast.

Hate is killing America.

#4 | Posted by ClownShack at 2026-02-24 05:49 PM

#3

Bank accounts, license plates... DNA next?

#5 | Posted by Corky at 2026-02-24 05:56 PM

He paying for everyone's passports now?

#6 | Posted by LegallyYourDead at 2026-02-24 07:07 PM

@#5 ... Bank accounts, license plates... DNA next? ...

The SAVE act (of which voter ID requirement is a small, but overly emphasized, part) would require the States to turn over to Sec Noem's DHS all data the States have on their voters.


#7 | Posted by LampLighter at 2026-02-24 07:22 PM

@#6 ... He paying for everyone's passports now? ...

No.

The SAVE Act is not even reimbursing States for the significant expense they face in order to comply.

Also, the passport requirement is seen as a poll tax by many who do not have a passport.


#8 | Posted by LampLighter at 2026-02-24 07:24 PM


Welcome to China.

#3 | POSTED BY SENTINEL

China it was planned, this is because of unforced errors, which means it will end up so much worse.

#9 | Posted by oneironaut at 2026-02-24 07:30 PM

@#4 ... Is Trump a citizen of Qatar?

Why does he have a bank account there? ...

Good question.

My first guess at an answer would be ... so that he can have Venezuelan oil revenue money deposited there sans oversight.



#10 | Posted by LampLighter at 2026-02-24 08:05 PM

"The USA PATRIOT Act Customer Identification Program (CIP), mandated by Section 326 of the 2001 Act, requires financial institutions to implement reasonable, written, risk-based procedures to verify the identity of any person or entity opening a new account. Institutions must collect name, address, date of birth, and identification numbers (TIN/SSN) to check against terrorist lists and maintain records"

So,if they have no ID number,they open an account. If they have an ID number, it's easy to verify status.

Fake number is fraud. Use someone else's? Stolen ID.

#11 | Posted by Petrous at 2026-02-24 08:12 PM

@#11 ... requires financial institutions to implement reasonable, written, risk-based procedures to verify the identity of any person or entity opening a new account. ...

Does that say, "passport or birth certificate" is required?


#12 | Posted by LampLighter at 2026-02-24 09:08 PM

Apropos?


#13 | Posted by LampLighter at 2026-02-24 10:20 PM

#11

---- off you stupid ----

#14 | Posted by LegallyYourDead at 2026-02-25 02:17 AM

The morbidly obese, geriatric Dotard-in-Chief's cognitive skills are in steep, irreversible decline.

#15 | Posted by C0RI0LANUS at 2026-02-25 03:11 AM

If the commie states wouldn't hand out state ID and DL's to every illegal alien from the 3rd world ----- holes, this wouldn't be an issue.

#16 | Posted by lfthndthrds at 2026-02-25 04:38 PM

@#16

Is it an issue?

What, specifically, is the issue?


#17 | Posted by LampLighter at 2026-02-26 05:57 PM

Deplorable Trumping MAGAts: "Only Americans should have a bank account in American banks!"

Also Deplorable Trumping MAGAts: "I see no problem with Trump having a Qatari Bank account."

Republicans really are the dumbest people living in America.

#18 | Posted by ClownShack at 2026-02-26 06:01 PM

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