President Donald Trump has signed a new executive order aimed at restricting access to the U.S. financial system for undocumented immigrants, directing federal agencies to tighten banking oversight as part of his administration's broader immigration crackdown.
In a Truth Social post announcing the measure, Trump said the order would prevent "banks, Credit Cards, and Financial Institutions from being used to facilitate Human Smuggling, Drug Trafficking, Illegal Immigration, and the Criminal Cartels who orchestrate these activities."