White House preparing order to fine banks for dropping customers for political reasons, WSJ reports

 


(Reuters) -The White House is preparing an executive order that would fine banks for dropping customers for political reasons, directing regulators to investigate potential violations of credit, antitrust, and consumer protection laws by financial institutions, the Wall Street Journal reported on Monday citing people familiar with the matter.

Reuters could not immediately verify the report.



(Reporting by Anusha Shah in Bengaluru; Editing by Sandra Maler)