“The White House is preparing to step up pressure against big banks over perceived discrimination against conservatives and crypto companies with an executive order that threatens to fine lenders that drop customers for political reasons,” the Wall Street Journal reports.
“A draft of the executive order directs bank regulators to investigate whether any financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws.”
“Violators could be subject to monetary penalties, consent decrees or other disciplinary measures.”
