United States of America: President adopted Executive Order on Fair Banking

On 7 August 2025, the President signed an executive order on fair banking. The order addresses concerns related to debanking practices and directs federal banking regulators to review and adjust supervisory approaches accordingly. It applies to financial institutions and instructs regulators to remove “reputation risk” considerations from supervisory frameworks, review past debanking practices, and require institutions to identify and notify affected customers and, where appropriate, reinstate accounts. It also provides for enforcement actions, including fines and referrals for legal proceedings in cases of non-compliance. In addition, it instructs the Treasury to develop a broader strategy to address these practices across government.