SACRAMENTO – The California Bankers Association (CBA) today issued the following statement in response to President Donald Trump’s signing of the Executive Order “Restoring Integrity to America’s Financial System” (issued May 19, 2026):

“CBA strongly opposes this harmful and unnecessary Executive Order and urges the Administration to reconsider any federal action that would restrict access to basic banking services based on citizenship or immigration status. Provisions directing regulators to treat the use of Individual Taxpayer Identification Numbers (ITINs) as a financial crime risk factor and to weigh deportation risk in credit decisions would pressure banks to debank law-abiding customers.

Access to a bank account is a foundation of financial stability, safety, and economic participation. Policies that discourage lawful participation in the banking system risk pushing vulnerable communities into cash-based or unregulated alternatives, undermining financial transparency and public safety. The Treasury Department and federal financial regulators should engage in meaningful consultation with the industry before implementing any regulations under this order.”

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