Trump's week in review: ‘De-banking' banned; new census ordered; peace deal signed

1. Trump alleges he was 'de-banked,' signs executive order banning 'de-banking'

In an interview on CNBC on Tuesday, Trump alleged that JPMorgan Chase and Bank of America, two of the biggest banks in the U.S., declined to bank with him.

Shortly after Trump made the comments, where he asserted that "the banks discriminated against me very badly," The New York Post reported that the financial institutions acknowledged that they "de-banked" Trump following the Jan. 6, 2021, U.S. Capitol riot because of concerns from regulators that doing business with the president amounted to a "reputational risk." 

Two days after his CNBC comments, the president signed an executive order ordering federal banking regulators to "remove the use of reputation risk or equivalent concepts that could result in politicized or unlawful debanking, as well as any other considerations that could be used to engage in such de-banking, from their guidance documents, manuals, and other materials" within the next 180 days. 

The executive order also requires the Small Business Administration to mandate that all financial institutions under its jurisdiction take action within the next 120 days to "identify and reinstate any previous clients of the institution or any subsidiaries denied service through a politicized or unlawful debanking action." An additional provision of the order authorizes federal banking regulators to impose disciplinary measures on financial institutions that engage in de-banking.