Executive Order on Guaranteeing Fair Banking for All Americans
Impact Score: 3.2
Timeline: SBA notice within 60 days; client reinstatement and notifications within 120 days; regulator guidance updates and strategy development within 180 days
Summary: This Executive Order addresses discriminatory banking practices including politicized or unlawful debanking based on political or religious beliefs and lawful business activities. It mandates removal of “reputation risk” from banking guidance, requires reinstating affected clients, and directs federal regulators and the Treasury Secretary to combat such practices. The order highlights historical abuses like “Operation Chokepoint” and establishes fair banking principles centered on objective risk-based assessments.
Key Actions: Vanderbilt should review and monitor banking partnerships to ensure compliance, engage legal and federal relations offices to assess implications and policy developments, and consider research and educational opportunities around ethical banking practices and financial regulation.
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